Canadian Markets
Data from Statistics Canada shows that the country's economy is growing despite volatility in global markets.
- The Canadian economy grew 0.5% in January from the previous month.
- Annual inflation reached 5.9% in January, below initial estimates.
- According to some economists, the data suggests that the country's economy grew by around 3% in Q1.
- The
expansion comes after the Bank of Canada raised interest rates twice in
the first three months of the year to cool down the economy and fight
inflation.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
