Canada’s economy is expanding, but the details are worth reviewing before getting too excited. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew more than expected in Q2 2024. A dive into the details shows productivity further eroded on a per capita basis, while household spending weakened. Most growth is now government […]
GDP up, mostly government spending, per capital gdp and productivity is down. Would this affect a BoC rate decrease?
Other news articles are saying that everyone is predicting more rate cuts.
Personally, I think inflation is still higher than the government officially reports, the BoC shouldn’t be cutting yet.