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Citing Russia’s war, IMF cuts global growth forecast to 3.6%

Weaker U.S. demand will outweigh commodity trade benefits for Canada

Real GDP grew 0.2% in January in Canada

Zero growth in services while residential construction grew 4.3%

oil pump

Canada unlikely to see GDP bump from commodities boom

War impacts on other exports and higher costs for consumers will likely cancel out any benefits, a CIBC report says

  • By: IE Staff
  • March 21, 2022 March 21, 2022
  • 15:31

Canadian economy ends strong year with 6.7% growth in Q4

The economy held up better than many expected through the omicron wave, providing justification for rate hikes

This picture says the development of economy, successful, and achievement

Canadian economy showed strong growth in November before omicron hit

StatsCan estimates the economy grew by 4.9% last year

Consumer spending drove U.S. growth in 2021

GDP of 5.7% was the fastest pace since Ronald Reagan's presidency

A global network of investment points

Amid omicron and inflation, IMF cuts world growth forecasts

The lending agency now forecasts the global economy will expand 4.4% in 2022