What Slowdown? Economy Continues to Outperform, Raising Odds of Rate Hike Next Week

What Slowdown? Economy Continues to Outperform, Raising Odds of Rate Hike Next Week
Statistics Canada building and signs are pictured in Ottawa on July 3, 2019. Sean Kilpatrick/The Canadian Press
The Canadian Press
Updated:
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The Canadian economy grew faster than expected in the first three months of the year and likely expanded again in April, fuelling speculation that the Bank of Canada will raise interest rates again.

Statistics Canada reported Wednesday real gross domestic product grew at an annualized rate of 3.1 percent in the first quarter of 2023.