The country’s economic engine continued to sputter in the fourth quarter, according to Royce Mendes, Desjardins’ managing director and head of macro strategy. He expects the economy to post “virtually no growth” in the fourth quarter and continue to stagnate. As more households and businesses feel the impacts of higher interest rates in 2024, we expect Canada to fall into at least a mild recession. So while the economy is sputtering now, it might begin rolling backwards early in the new year.
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Hegseth told reporters that the objectives remained to destroy Iran's missile launchers. In a recent commentary, Fox News host Pete Hegseth argued that the United States’ strategic objectives in Iran have remained largely unchanged despite shifting administrations and evolving regional tensions. According to Hegseth, Washington continues to prioritize deterring Iran’s nuclear ambitions, countering its regional influence, and protecting U.S. personnel and allies in the Middle East. Hegseth suggested that while tactics may vary—from diplomatic pressure to targeted military responses—the core goals have stayed consistent for decades. He also emphasized that Iran’s actions, including support for proxy groups and continued nuclear development, keep the region on edge and force U.S. policymakers to maintain a firm posture. His remarks come amid renewed...
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Canada’s economy continues to sputter in Q4 2023
According to Statistics Canada, Canada’s economy showed no growth in October, remaining unchanged at 0.0% on a monthly basis, which is below analyst expectations of 0.2% growth . This marks the third straight month where economic growth was essentially unchanged. Advance estimates for November showed that GDP increased 0.1% last month, as increases in manufacturing, transportation and warehousing, agriculture, forestry, fishing and hunting were partially offset by decreases in retail trade .
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