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Stop Trash Talking Canada’s Economy!
Canada’s economy keeps defying the naysayers who are trying their best to talk it into a bigger problem than is warranted. A resilient economy paired with no durable evidence of a soft patch in underlying inflationary pressures make it highly premature to even be talking about rate cuts while hike risk has by no means gone away. The latest data feeds my narrative that weakness in the Canadian economy is overstated by others as written extensively in my Global Week Ahead. charts Even before Q1 data begins to arrive, Canada’s economy has 1.1% q/q SAAR GDP growth baked into the start of 2024 and based upon ... (full story)