1033 ET - Canada's economy looks to be in reasonable, though hardly great, health even as risks for its outlook have intensified with President Trump's pledge to impose tariffs on imports from Canada, CIBC Capital Markets' Andrew Grantham says. Industry-level GDP growth is estimated to have rebounded in December after contracting the month before, which puts annualized growth for 4Q in line with the central bank's 1.8% forecast. Still, growth over the year at about 1.4% is underwhelming given population and labor force growth, Grantham says. So with a lack of momentum to end 2024 and the threat of tariffs, he sees the odds leaning toward further interest rate cuts in Canada. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
January 31, 2025 10:33 ET (15:33 GMT)
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