Canada's economy shows strong growth
This is a Canada news story, published by financialpost, that relates primarily to Avery Shenfeld news.
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GDP growthfinancialpost
•Business
Business & Economics
Forecast-beating GDP 'won't sway' Bank of Canada: What the economists say
78% Informative
Canada ’s annualized GDP growth of 2.6 per cent beat analysts’ estimate of 1.7 per cent .
Household spending was the main driver, Statistics Canada said.
CIBC chief economist Avery Shenfeld says the market's reaction to the upbeat report will remain muted.
TD economist: Consumers were the driving force’ in the country’ growth.
Saunders thinks the Bank of Canada will hold on rates if Trump fails to pull the tariff trigger on March 4 .
That's a switch from Capital Economics’s call for an interest rate cut on March 12 .
Saunders: Given the strength of the GDP data and signs of a firm handoff to start 2025 , Saunders thinks rates will be held.
VR Score
87
Informative language
89
Neutral language
72
Article tone
formal
Language
English
Language complexity
44
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
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