Workflow
加拿大第二季度GDP按年率计算萎缩1.6%
Sou Hu Cai Jing·2025-08-30 10:12

Core Viewpoint - Canada's GDP contracted by 1.6% in the second quarter, marking the first decline in seven quarters, slightly exceeding the Bank of Canada's July forecast of a 1.5% decrease [1] Economic Performance - The contraction in GDP was primarily due to a significant drop in goods exports and reduced business investment in machinery and equipment [1] - Exports fell by 7.5% in the second quarter, heavily impacted by U.S. tariffs, with passenger car and light truck exports plummeting by 24.7%, industrial machinery and equipment exports declining by 18.5%, and tourism service exports decreasing by 11.1% [1] Domestic Demand - Despite the export decline, domestic demand grew by 3.5%, indicating a relatively healthy domestic economic condition [1] - Increases in business inventories, growth in household spending, and a reduction in goods imports helped mitigate the negative impacts of the export downturn [1] Future Implications - Analysts suggest that the unexpected extent of the economic slowdown may increase the likelihood of the Bank of Canada lowering interest rates in September to stimulate economic recovery [1]