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UBS Keeps Its Macroeconomic Estimates Unchanged for Canada

BY MT Newswires | ECONOMIC | 09/04/25 08:24 AM EDT

08:24 AM EDT, 09/04/2025 (MT Newswires) -- UBS said it kept its gross domestic product growth estimate for Canada unchanged at 2.0% for this year and 2026 after the economy expanded 1.2% in 2024.

The consumer price index is forecast to slow down to 2.2% this year from 2.4% in 2024. The CPI for 2026 is seen slowing down further to 2.1%, stated the bank.

UBS estimates the Bank of Canada policy rate at 2.75% at the end period of 2025 and 2026.

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