The Financial Post reports in its Saturday, Feb. 1, edition that CIBC Capital Markets senior economist Andrew Grantham said the latest data show Canada was stumbling at the end of last year and it now faces bigger issues in 2025 as tariffs loom.
The Post's Ben Cousins writes that Mr. Grantham said, "While work stoppages negatively impacted activity, particularly in transportation, momentum elsewhere seemed quite muted as well and we continue to suspect that the Bank of Canada will need to cut interest rates further to close the current slack in the economy, even if the worst-case tariff scenario is avoided." Mr. Grantham also called the
1.4-per-cent-growth projections for 2024 "very underwhelming given the strong population and labour force growth."
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