Financial Post: Canada’s gross domestic product increased at an annual rate of 3.1 per cent in the first quarter, compared with a revised rate of 6.6 per cent over the final three months of 2021, Statistics Canada said on May 31....
'...For what it’s worth, the Bay Street average forecast ahead of the release was for growth of about five per cent, so there will be some disappointment, or maybe relief, considering growth at that pace would continue to fuel worries that the central bank had lost its grip on inflation. The Bank of Canada has been struggling to get a read on prices, but it appears to have a better idea of what’s going on with GDP.'
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