Strong output from Canadian consumers not enough to avoid economic slowdown
OTTAWA – Canada’s economy is slowing as consumer spending and savings have shrunk, according to new research from The Conference Board of Canada, which forecasts the country’s real GDP to grow by 1.3 per cent in 2023, followed by a weaker 1.1 per cent gain in 2024. “Economic commentary in Canada typically revolves around a recession and whether it will be a...
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