Canada's Economy Poised for Rebound According to TD Economics
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In this episode, Canada's economy shows signs of improvement, according to a TD Economics report. Despite a soft economy, the Bank of Canada can proceed cautiously with interest rate decisions. GDP grew by 1.7% in the first quarter of this year, with consumer spending contributing significantly, though it is expected to cool down due to higher borrowing costs, tighter immigration policies, and a softening labor market.
Also in this episode:
🌟 OSFI keeps capital buffer for Canada's big banks steady at 3.5%, showing cautious optimism about the financial system's stability.
💼 Nvidia surpasses Microsoft to become the world's most valuable company, driven by a boom in AI technology and trading activity.
👩💼👨💼 British Columbia reports a significant gender pay gap, with women earning 83 cents for every dollar earned by men, highlighting ongoing issues in pay equity.
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