A new forecast from Deloitte predicts that Canada's economic struggles will begin to ease next year and by 2025 the Bank of Canada may even begin cutting the key lending rate.
The weakening of the economy means that consumers will begin to see relief from price pressures, but could also allow the Bank of Canada to pivot away from raising interest rates.
Desjardins predicts that by 2025 a combination of lower inflation and easing interest rates will likely spark a "resurgence" in growth among both consumers and businesses.With files from The Canadian Press
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Canadian economy to get 'back on its feet' next year, Deloitte Canada saysTORONTO — Canada's near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new forecast from Deloitte Canada said. A better-than-expected U.S.
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Canadian economy to get 'back on its feet' next year, Deloitte Canada saysCanada\u0027s near\u002Dterm economic struggles will ease next year when growth returns, a new forecast from Deloitte Canada said.
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Canadian economy to get 'back on its feet' next year, Deloitte Canada saysCanada's near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new forecast from Deloitte Canada said.
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Canadian economy to get 'back on its feet' next year, Deloitte Canada saysCanada's near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new forecast from Deloitte Canada said.
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Canadian economy to get 'back on its feet' next year, Deloitte Canada saysTORONTO — Canada's near-term economic struggles will ease next year when growth returns and the Bank of Canada begins cutting its key lending rate, a new forecast from Deloitte Canada said. A better-than-expected U.S. outlook and continued population growth here will offset some of the downward pressure from high household debt, soaring interest payments and stubbornly persistent inflation, the company said in its latest economic outlook report, released Thursday. 'We do have an economy getting
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