Canada’s growth prospects brighten in 2025 but not without challenges - RBC Thought Leadership

Canada’s economic growth challenges are expected to ease as the Bank of Canada continues to lower interest rates further and more quickly than other

Canada’s economic growth challenges are expected to ease as the Bank of Canada continues to lower interest rates further and more quickly than other advanced economy central banks—but not right away, and longer-run challenges remain. Indeed, the silver lining of an underperforming Canadian economy (per-capita gross domestic product declined for a sixth straight quarter in Q3 and the unemployment rate is up 1 percentage point from a year ago) is that inflation pressures have been on a clearer path lower than in other parts of the world. Not including rising mortgage interest costs (a direct…

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