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UBS Sees Canada's GDP Growth at 1.5% This Year, at 1.7% in 2027

BY MT Newswires | ECONOMIC | 07:17 AM EDT

07:17 AM EDT, 05/28/2026 (MT Newswires) -- UBS said it estimates Canada's gross domestic product growth to slow down this year to 1.5% from 1.7% in 2025.

The bank estimates a pickup in economic growth in 2027, up 1.7%.

UBS sees the consumer price index averaging at 2.6% this year and at 2.4% in 2027, up from 2.1% in 2025.

The current account deficit to GDP is predicted to narrow to 0.7% this year and to 0.3% in 2027 versus 0.9% in 2025.

The Canadian dollar (CAD or loonie) versus the US dollar (USD) is seen at 1.40 at the end of this year and at the end of 2027.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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