Global Macro Service > Research Briefings > Canada

Canada’s slowdown could force a rate cut

Broad-based weakness in the economy has put the Bank of Canada on hold, but it still expects a pick-up in the latter half of the year, with growth rising to 2.1% in 2020. We disagree and think that the economy will under-perform and only expand at around 1.1% this year and 1.2% next.

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