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Canada economy is slowdown
['Parasdeep Singh']
News – Home page – d173
New figures from Statistics Canada show that economic growth has stalled, with no significant movement in recent months.
Food, rent, and housing remain among the biggest financial pressures, and higher interest rates are exacerbating the burden.
At the same time, businesses are pulling back on investment and hiring, both signs that confidence in the economy is weakening.
By raising interest rates over the past year, the bank aimed to cool the economy.
For now, Canada’s economy is flat and the financial pressure on households and businesses remains high.