Statistics Canada is ready to launch its February studying for financial progress Friday morning.
The federal company will even present estimates for March and the primary quarter of the yr.
After recording zero progress within the fourth quarter, the Canadian financial system bounced again in January as actual gross home product grew by 0.5 per cent.
Statistics Canada’s preliminary estimate for February suggests the financial system grew by 0.3 per cent.
However, RBC says it expects progress to come back in decrease than the federal company’s estimate resulting from decrease manufacturing sale volumes, in addition to a fall in wholesale and retail gross sales.
The Bank of Canada’s aggressive charge hikes are anticipated to gradual the financial system this yr, as excessive borrowing prices constrain spending.
