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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

BETTER DWELLING: Canadian GDP To Show Slowing Growth, Or The BoC May Hike Rates: RBC

Canada’s biggest bank is warning investors of an economic slowdown brewing. Gross domestic product (GDP) data for Q2 won’t be released until next week, but RBC  expects it to show the economy was hit with a sharp slowdown. Coupled with a mild acceleration to inflation, everyone has one question—is a slowing economy enough to prevent further rate hikes? 


Canada’s plan to use rapid population growth to stimulate demand isn’t producing the desired effect. Statistics Canada (Stat Can) released its preliminary estimate showing annual GDP growth falling to just 1% in Q2. It’s a sharp deceleration from the previous quarter (+3.1%), leaving annual growth lower than population growth

 

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