The Financial Post reports in its Thursday edition that Canada's gross domestic product likely rebounded slightly in March after contracting more than expected in February. The Post's Gigi Suhanic writes that a flash estimate for March released by Statistics Canada on Wednesday said the economy grew 0.1 per cent month-over-month, but growth contracted 0.2 per cent in February compared with economists' estimate for no change. Statscan said poor weather in February contributed to some of the pullback in February, but economists said Canada's economy has been slowing since posting monthly growth of 0.4 per cent in January. "The economic momentum that carried into the early stages of 2025 is starting to wane," said Marc Ercolao, an economist at TD Economics, adding that TD is forecasting first-quarter annualized GDP growth of 1.5 per cent. "Past this, the outlook is turbulent, with clear downside risks to Canada's economy as the direct impact from tariffs adds to the headwinds from plunging sentiment," he said, referring to Bank of Canada surveys that indicate business and consumer views of the economy have dimmed. Policy-makers in April decided to hold interest rates at 2.75 per cent despite the downbeat economic outlook.
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