Deloitte Forecasts Economic Growth
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•Economy to grow moderately, rates to fall below 3% next year: Deloitte
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.
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