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Updated · Bloomberg · Jun 30Economists Cut Canada 2026 Growth Forecast to 0.7% After First-Quarter Contraction
1 articles · Updated · Bloomberg · Jun 30Summary
- Bloomberg-surveyed economists now expect Canada’s economy to grow just 0.7% in 2026 after the economy unexpectedly contracted in the first quarter.
- That downgrade was driven by the early-year slump, which forced forecasters to sharply lower expectations for the rest of the year.
- At 0.7%, annual growth would mark Canada’s weakest pace since 2015, excluding the Covid-19 pandemic period.
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