Canada's economy contracts in Q1 2026
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Statistics Canada
Canada
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Bank of Canada raises benchmark interest rate to 2.5% amid inflation concerns
The Bank of Canada raised its benchmark interest rate by 0.25 percentage points to 2.5%. The hike aims to prevent high energy prices from fueling generalized inflation. The bank revised its inflation and economic growth forecasts upward for the coming years.
Related book
The Age of Stagnation: Why Perpetual Growth is Unattainable and the Global Economy is in Peril
Author: Satyajit Das
This book provides a critical analysis of the structural weaknesses in developed economies, including the reliance on debt and the challenges of maintaining growth, which is essential for understanding why a resource-rich economy like Canada might face a technical recession.
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