Bank of Canada on track for rate hike after GDP growth slows: Economists

OTTAWA – Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter. The federal agency said Tuesday real gross domestic product grew at an annualized rate of 3.1 per cent in the first quarter, helped by business investment and household spending. … Continue reading Bank of Canada on track for rate hike after GDP growth slows: Economists