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Bank of Canada Governor Predicts Modest Growth After Two Quarters of Contraction

2026-06-23 15:23:14

According to Jin10 on June 23, Bank of Canada Governor Macklem predicted that Canadian economy will return to growth after two consecutive quarters of contraction, though the expansion will be modest. Macklem noted that the Canadian economy remains weak, citing U.S. trade policy uncertainty and high tariffs on steel, aluminum, automobiles, and forestry products as headwinds for economic activity. He highlighted that business investment has declined for five consecutive quarters.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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