1010 ET - The latest Canadian GDP numbers likely won't mean much for the Bank of Canada's next interest rate decision, reckons Oxford Economics' Michael Davenport, who continues to expect the central bank will hold steady as it tries to balance the negative hit to demand from tariffs against upside risks to inflation. The economist says the economy got an artificial boost in January as firms pulled forward exports to the U.S. ahead of tariffs, and temporary fiscal stimulus measures continued to support demand. "January may represent the peak in economic activity as the U.S.-Canada trade war pushes Canada's economy into a recession beginning in 2Q," he says. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
March 28, 2025 10:10 ET (14:10 GMT)
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