{"id":47651,"date":"2024-05-31T13:11:19","date_gmt":"2024-05-31T13:11:19","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/31\/canadas-economy-slows-more-than-expected\/"},"modified":"2024-05-31T13:11:19","modified_gmt":"2024-05-31T13:11:19","slug":"canadas-economy-slows-more-than-expected","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/31\/canadas-economy-slows-more-than-expected\/","title":{"rendered":"Canada&#8217;s economy slows more than expected"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Central bank on track to cut in June, says economist<\/p>\n<div class=\"callout callout--noindent flex-align-center flex-justify-between\" data-evt-val=\"{\" control_fields=\"\" data-evt=\"visible\" data-evt-typ=\"element_view\"><span class=\"callout__text\"> Get the latest from Naimul Karim straight to your inbox <\/span><button class=\"button button--icon button--primary-alt\" data-id-login-redirect=\"https:\/\/financialpost.com\/author\/nkarim\/newsletters\/\" type=\"button\"><span class=\"button__text\">Sign Up<\/span> <span aria-hidden=\"true\" class=\"button__icon\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 11 11\" width=\"11\"><polygon points=\"1.1 0 7 6 1.1 12 0 10.9 4.8 6 0 1.1\"\/><\/svg> <\/span><\/button><\/div>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published May 31, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 1\u00a0hour ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">1 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"c2ee20b5-adbe-4fb2-8deb-3f49d6c41966\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Canadian economy grew at a slower rate than expected in the first quarter of this year.<\/span> <span class=\"credit\">Photo by Postmedia<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">The Canadian economy grew at a slower-than-expected rate in the first quarter, raising expectations of a Bank of Canada interest rate cut.<\/p>\n<p data-async=\"\">The country\u2019s gross domestic product, which measures the value of goods and services for a specific timeframe, rose by 0.4 per cent in the first three months of 2024, according to Statistics Canada.<\/p>\n<p>\u201cThe Bank of Canada remains on track to cut interest rates in June given the cooling seen in inflation and the fading of momentum in GDP over the quarter,\u201d CIBC Capital Markets economist Katherine Judge said in a note after the data came out.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment3909021781575967196469659219001344\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div 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ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>The agency also revised its GDP figure for the fourth quarter of 2023 to flat from 0.2 per cent.<\/p>\n<p>Household spending rose by 0.7 per cent in the first quarter, primarily due to a 1.1 per cent increase in spending on telecommunications services, rent and air transport, Statistics Canada said.<\/p>\n<section aria-labelledby=\"moreTopicLabel6251900789060458731433397663563776\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" banks=\"\" say=\"\" borrowers=\"\" showing=\"\" strain=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Canadian bank earnings reveal signs that borrowers are feeling the strain as higher interest rates persist. \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=80&sig=dyNIvx7dtD1Ig9tyhDCfyg\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=5&sig=hC6sugrbzgb90J551x1lXg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=96&strip=all&quality=80&sig=dyNIvx7dtD1Ig9tyhDCfyg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=192&strip=all&quality=80&sig=r6KvbObjYyWUhJk1PW3o2g 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/canada-banks-0531-ph.jpg?h=288&strip=all&quality=80&sig=6XTf5pfcsUQgIp2q25lg6g 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canadian banks say borrowers showing strain<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" hold=\"\" on=\"\" interest=\"\" rates=\"\" risks=\"\" further=\"\" damage=\"\" to=\"\" economy=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The Bank of Canada building is shown in Ottawa on Sept. 6, 2023.  \" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=80&sig=ShRF1qlnf3TG5Rb-A_z9QA\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=5&sig=6innJkQldIDV6Z5cEACmxg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=96&strip=all&quality=80&sig=ShRF1qlnf3TG5Rb-A_z9QA, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=192&strip=all&quality=80&sig=8wVKi7-tTyeEA6Y2aIPo-A 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/0525-bc-bank-of-canada.jpg?h=288&strip=all&quality=80&sig=VO1MM7sQEPOfMJQzGIe-kw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Another hold on interest rates risks further damage to economy<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" immigration=\"\" programs=\"\" get=\"\" harder=\"\" to=\"\" crack=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i0.wp.com\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=96&strip=all&quality=80&sig=bilxR7skgpcG311nyJwHqg, https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=192&strip=all&quality=80&sig=ol6bn4u3pvZMmUtYdBZFjQ 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2024\/05\/immigration.jpg?h=288&strip=all&quality=80&sig=CLW9IQC4QRtPvoZ-DV-hrw 3x\" alt=\"Immigration\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Canada&#8217;s immigration programs get harder to crack<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>Lower spending by non-residents in Canada also contributed to the increase in overall household expenditures. On a per-capita basis, household consumption expenditures edged up 0.1 per cent in the first quarter, following three quarters of declines.<\/p>\n<p data-async=\"\"><em>\u2022 Email: nkarim@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Canada&#8217;s economy slows more than expected<\/a><br \/>\n<br \/>2024-05-31 13:11:19<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Central bank on track to cut in June, says economist Get the latest from Naimul Karim straight to your inbox Sign Up Published May 31,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":47652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/05\/gdp-canada-0531-ph.jpg?quality=90&strip=all&w=288&h=216&sig=QuobYSb7-7d-6GnzmhUKDg","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-47651","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/47651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=47651"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/47651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/47652"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=47651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=47651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=47651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}