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Can AI-driven Efficiencies Address Canada's Lagging Economic Productivity?
A new report from TD Economics says that while advancements in AI technology could help the Canadian economy address long-standing productivity issues, its potential for growth will depend on its implementation.
Canadian Dollar declined on data-light Tuesday as US markets return to the fold
The Canadian Dollar (CAD) is broadly softer on Tuesday, paring away some of the gains found at the start of the trading week.
Bets on Canada Rate Cut Hold Out Hope for Underperforming Banks
Investors up and down Toronto’s Bay Street are increasingly betting on a June rate cut in Canada, potentially giving a boost to Canada’s long-suffering bank stocks.
RBC Previews This Week's GDP Data in Canada
The Canadian economy likely grew more quickly in Q1 based on headline figures, but it was not fast enough yet again to keep up with surging population growth, said RBC.
Another Hold on Interest Rates Risks Further Damage to the Economy
With Canada’s latest inflation figures paving the way for a policy rate cut, some economists worry another hold by the Bank of Canada could further damage the economy.
Retail Sales Highlight Impact On Canadians Of High Interest Rates -- Market Talk
Retail sales in Canada have softened meaningfully as households face elevated interest rates, and while there are some signs that spending could recover in April any increases fall well short of torrid population growth, Bank of Montreal's Shelly Kaushik says.