AGP Executive Report
Last update: an hour agoCanada Outlook: The Parliamentary Budget Officer cut its growth forecasts to 0.9% for 2026 and 1.5% for 2027 as U.S. tariffs weigh on trade. If tariffs persist, Canada’s economy could be about 1.4% smaller over the medium term than otherwise expected. China’s Growth Model: China’s economy grew 4.5% in the third quarter, powered by exports, while domestic demand remains soft. Beijing is preparing a 2026–30 plan to lift spending and household incomes. AI Investment: China has launched a state-owned data group to develop data resources and support AI, underscoring the government’s push to turn digital infrastructure into a growth engine. Rates: Nearly all economists in a Reuters poll expect the Fed to hold rates in October and raise them in December as inflation persists, keeping borrowing costs in focus for businesses and investors.
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