Home » BLOG » Whoa! Suddenly Canada’s economy is looking not so shabby. Here’s what the economists say

Whoa! Suddenly Canada’s economy is looking not so shabby. Here’s what the economists say

Canada's GDP racked up 0.6 per cent growth in January, beating expectations and earning rave reviews from economists.

Canada’s GDP racked up 0.6 per cent development in January, beating expectations and earning rave reviews from economists.

“Roaring start,” “most encouraging in recent memory”, “impressively rapid progress” and “flying start” were some of comments around the broad-based growth that’s the strongest since July 2013.

It’s not great news for anyone dreaming about an interest rate cut when the Bank of Canada meets in April, but economists continue to be pretty dovish around the bank’s next move. Despite the pickup throughout the economy, some aren’t expecting any pursuit on rates until well into 2017.

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