Canadian Economy 2024 Predictions

Canadian Economy 2024 Predictions. The bank is projecting inflation to decline to about 3% by the end. Gdp growth in canada will remain sluggish in coming quarters as higher interest rates continue to work through the economy.

The rapid rise in interest rates over the course of 2022 has had a clear and immediate effect on the economy—reduced consumer spending. The bank is projecting inflation to decline to about 3% by the end.