Canada's economy jumps back to life after stalling last year: What you need to know

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The Canadian economy grew at the start of 2023, meaning higher interest rates from Bank of Canada remain a possibility this year. Read on.

in the fourth quarter, aligning with the Bank of Canada’s prediction that there would be essentially no growth for the first part of 2023.

, which slowed oil exports to the United States. Shipments had resumed to normal in January. Another example of one-off explanations: output by wholesalers of machinery and equipment surged 2.4 per cent in January as suppliers received a batch of imports destined for the massiveThe jobless rate is near a historic low, which appears to be offsetting higher inflation and debt-servicing costs.for the first time in two years, bolstering consumer confidence.

 

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