Economics
Canada’s Economy Just Wobbled But Rate Hikes Are Still In the Cards
- Poor weather cited for some weakness in recent indicators
- ‘Too early to say things are bad,’ says National Bank
Photographer: Brent Lewin/Bloomberg
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Canada’s economy is stuck in a soft patch, but analysts remain optimistic a rebound and further interest-rate hikes are still in the cards.
Data over the last month reveal an economy struggling to find its footing and hobbled by headwinds ranging from trade frictions with the U.S. to a slowing housing market and poor weather. Still, economists remain convinced that strong U.S. growth and a recovery in consumer spending will lead to a revival.