Canadian Economy on the Mend
OTTAWA, June 27, 2024 (GLOBE NEWSWIRE) -- The Bank of Canada’s recent rate cut will offer a measure of relief for the Canadian economy, with a gradual recovery expected to extend throughout the year, according to new research from The Conference Board of Canada. Real GDP is forecast to increase by 1.8 per cent on an annualized seasonally adjusted basis in the last half of 2024, compared to an estimated 1.4 per cent rate in the first half.