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        Weekly Economic Perspectives

        Canada GDP Growth Exceeds Expectations

        Real GDP rose by 2.1% QoQ saar. Government consumption was the main driver, adding 0.32 percentage points (ppts) to growth. Given the slowdown in household consumption and the fact that inflation continues to decelerate, we expect the Bank of Canada to deliver another 25 bp cut in its next meeting.

        5 min read
        Simona M Mocuta
        Chief Economist
        Amy Le, CFA
        Investment Strategist
        Venkata Vamsea Krishna Bhimavarapu
        Economist

        Canadian GDP Grew on Higher Government Expenditure

        WEP 2024 0902 Fig1

        Spotlight on Next Week

        • US unemployment rate to ease.
        • The BoC to deliver another 25 bp cut.
        • Australia’s GDP data to highlight a feeble economy.
        Read More

        More Weekly Economic Perspectives

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