Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Economic Insight

Delving into the forces that shape our living standards
for Globe Unlimited subscribers

Entry archive:

Economic optimism riding high, but Bank of Canada biding time on rates Add to ...

Subscribers Only

Canadians may be in for a pleasant surprise when Canada’s fourth-quarter gross domestic product report comes out this week. But the data will come one day too late to colour the Bank of Canada’s interest-rate decision.

Statistics Canada will release GDP figures for December and for the fourth quarter on Thursday morning. Optimism about the likely numbers is riding high, thanks to a generally strong string of key indicators leading up to the GDP report. The consensus among economists is that real GDP grew at an annualized rate of close to 2 per cent in the quarter, well above the Bank of Canada’s most recent estimate of 1.5 per cent, published in mid-January.

Report Typo/Error

Follow on Twitter: @ParkinsonGlobe

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular