Canada GDP Rises 0.2%
Preliminary data suggest gross domestic product was essentially unchanged in March. Credit: James MacDonald/Bloomberg News
Canada’s economy lost momentum, supporting expectations a first cut to interest rates could come before summer,
OTTAWA—Canada’s economy lost momentum after a strong start to the year and is tracking below the central bank’s latest forecast, supporting expectations a first cut to interest rates could come before summer.
Preliminary data suggest gross domestic product, a broad measure of goods and services produced across the economy, was essentially unchanged in March, Statistics Canada said Tuesday.