The Canadian economy expanded by 3.3% quarter/quarter annualized (q/q) in Q2 2022. Meanwhile, the flash estimate for July showed a 0.1% month/month (m/m) drop in GDP. Spending by households increased by 9.7% q/q annualized. Statistics Canada noted that this was “driven by spending on garments and footwear, household spending on semi-durable goods rose 5.6% in […]
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