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With inflation waning, Canada’s economic slowdown will define 2025

by RAMANTHAN K
With inflation waning, Canada’s economic slowdown will define 2025 While the Canadian economy has been growing modestly, actual gross domestic product (GDP) has shrunk per capita for five consecutive quarters. Photo: Adobe Stock
Published in January 2025 - Page 19

As Canada enters 2025, fears of surging interest rates have been replaced by a stark, new reality: an economic slowdown.

For years, the narrative consuming media outlets was how to bring down prices at the gas pump or how to afford avocado toast with your coffee amid a cost-of-living crisis. Hellbent on taming inflation, the Bank of Canada became a global first in implementing a series of interest rate hikes –

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