Canada's 'resilient' economy means Bank of Canada needs to start hiking, economist says
- Posted on September 29, 2026
- By Financial Post
- 1 Views
- 1 min read
In brief
Canada's economy demonstrates stronger-than-expected resilience, with third-quarter growth reaching approximately 2% on an annualized basis, surpassing Bank of Canada projections. This robust economic performance has prompted financial analysts to recommend accelerating interest rate increases to manage inflationary pressures effectively. The outperformance signals improved consumer spending and business investment activity across key sectors.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Canada's 'resilient' economy means Bank of Canada needs to start hiking, economist says
Economists estimated the economy expanded by 2% on an annualized basis in the third quarter, beating the Bank of Canada's outlook. Read on
