Canadian Economy Shrinks in November Despite Interest Rate Cuts | World Business Watch | WION

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Canadian Economy Shrinks in November Despite Interest Rate Cuts | World Business Watch | WION

The Canadian economy seems to be losing momentum as the year comes to a close. This comes despite the Central Bank’s swift and large-sized cuts to interest rates. Canada’s immigration restrictions, a two-month sales tax exemption, prospective US tariffs, and the uncertainty around Prime Minister Justin Trudeau’s future may influence the gdp and inflation prospects in the coming months.

#canada #economy #interestcuts

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