The Canadian economy is on a good pace

After a squeeze on the energy crisis, the Canadian economy looks like a neutral tomb, turning the sense of the central bank paying out into a new income early next week.

The printemps are starting to be a big plutôt. Porté headquarters in government spending, the croissance of the Canadian economy in the second quarter of the year is at 2.1% year-on-year, although it takes 1.8% long three prime ministers of the year 2023 and zero years ago negative during the month of 2023, a report from Statistique Canada. This performance in the second quarter of 2024 is superior to the experts (1.8%) and to the latest recent forecasts of the Banque du Canada (1.5%), while it is still the case. Even more.

Plus de moitié of this cross-April in June is the location of the expansion of the expenditure in the public sector, note of the payroll administration. Companies and companies that contribute to their investments, are the essence of the possession of a large number of aerospace and transport equipment.

The expenditures of the menages, how much they are, are rewarded for a second quarter consequent, the Canadians have come off their own composer with the “relationship plus levels” of the renewal of their mortgage loans in Statistique Canada. The investments in housing can last a long time in a new quarter.

As the population continues to exist as an economy, the gross internal product (PIB) will be calculated by the resident for a following quarter and a seventh quarter over the last years of the second part of 2022.

And it may be that the trend of the derniers can no longer go in the direction of the bonnet. In fact, the last quarter of a croissant menu of 0.4% began in April, a little plus a modest progression of 0.1% in May, and began in June (0%). The Canadian economy will only turn red over time (0%), while the premieres of estimates of the Canadian Statistics are confirmatory.

Boxes of fabric to come

At this pace, on your first comment, the last quarter of this year has come to a conclusion that a croissant dinner is lower than the Banque du Canada’s forecasts, with an allowance that is more than 2.8% year-on-year, on analysts’ observation.

One of the important economic issues is the expansion of international banking in Canada when it comes to the plussers abroad. If we counter inflation inflation, we can look at the demand for services from consumers and companies with a higher credit rating.

In Canada, the central bank governor has a bond of 0.25% to 5% in March 2022 to July 2023. The movement began with the reversal of the month of June, with a premiere of 0 year, 25 percentage points in the month of June, a large interest in the last year, means a director of 4.5%.

La Banque du Canada estimates that it has an effect on the target of the principal, the measured inflation for the annual cross-index of consumer prices (IPC) has passed a quotation of 8.1% in June 2022 to 2.5% in July last year. While it is a fact that a powerful coup in economic activity is taking place, this is a traditional example of a remontée of the chocolate from 5% at the debut of 2023 to 6.4% at the same level.

If there is a tendency to do the business of domestic affairs, you can explain the time of the governor of the Banque du Canada, Tiff Macklem.

For a large number of observers, it cannot be that the central bank will call it quits next week, while the day of its director is a commodity. In fact, note sell in a short analysis of James Orlando, economist at the Banque TD, the anticipatory things that the procedure on a basis of a quarter of the cents of this rate on the three remaining announcements do happen if you are old, this is a director of 3.75%.

And it is not the intention that Nathan Janzen and Claire Fan, of the Royal Banque, are rewarded. According to eux, the Banque du Canada has a ramené director of 4.5% to 3% of the environment of the old prochaine.

It is impossible that this is even more a question of the autonomy of the economy, which continues to deteriorate, as the US Federal Reserve, concerned with my voie, an explanation by ‘economist and chef de chef de la Banque de Montréal, Douglas Porter.

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