TSX:AX.PR.E - Post by User
Post by
garyreinson Nov 12, 2024 4:14pm
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Post# 36308931
Pathetic game being played
Pathetic game being played"
Canada must have found some economic progress in the pocket of an old winter coat. Last week Statistics Canada (Stat Can) made some big upward revisions to the country’s gross domestic product (GDP) data. The country’s national statistics agency found the equivalent of a whole year of economic activity that was hiding between 2021 to 2023. That’s good news for the economy, which is apparently doing much better than previously thought. However, that’s bad news for the central bank who’s now finding out it made a supersized rate cut to address deflationary pressure presented by an output gap that was just eliminated. "