Market News
Canada's GDP for January expands by 0.4% as tariff impact looms - REUTERS
Summary
- Statscan expects GDP to remain unchanged in February
- December GDP was revised upwards to 0.3% from 0.2>#/li###
- BoC, economists see growth falling in coming months
OTTAWA, March 28 (Reuters) - Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on Friday.
Economists said part of the growth was helped by an increase in demand for cross-border trade by companies seeking to avoid the impact of U.S. tariffs.
Canada's economic activity has grown at a brisk pace in the last two quarters, registering an annualized growth of well over 2%, indicating that seven rounds of interest rate cuts has helped boost consumer spending and investment.
