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Economy to grow moderately, rates to fall below 3% next year: Deloitte

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Summary
Nutrition label

83% Informative

Deloitte Canada expects economic growth to pick up next year as it forecasts the Bank of Canada to cut its key interest rate below three per cent by mid-2025 .

Inflation in Canada hit the central bank’s two per cent target in August , falling from 2.5 in July to reach its lowest level since February 2021 .

The report says the global backdrop continues to be challenging with no clear ends to the wars in Ukraine and the Middle East , growing trade frictions and an uncertain impact of the U.S. election.

VR Score

85

Informative language

83

Neutral language

77

Article tone

informal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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