Canada’s Economy on the Upward Tilt

Canada’s economy officially slipped into a technical recession with two consecutive quarters of shrinking GDP, but don’t panic—new OECD projections paint a brighter picture, forecasting growth to rebound this year and surge to 1.7% by 2027, fueled by household spending, government investment in defense and infrastructure, and strong energy exports amid Middle East tensions. Prime Minister Mark Carney acknowledges current weakness but urges patience as policies take effect. Inflation may dip slightly short-term but is expected to settle back to the Bank of Canada’s 2% target, with interest rates likely to stay steady as the central bank watches for sustained growth before tightening. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/17d74fcec4b13746