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Canada's 2024 Capital Spending Decline
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Canadian capital spending in 2024 is projected to slow down with a 4.5% increase, a significant drop from 13.4% in 2022. The private sector's capital spending is expected to grow by 4.8%, surpassing public-sector investments. The Bank of Canada's survey reveals restrained sales expectations attributed to high interest rates affecting firms' investment decisions.
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How might the deceleration in capital spending impact Canada's overall economic growth?
In what ways could this shifting capital spending landscape influence job creation and market competitiveness?
What measures could the government or businesses take to counter the effects of high interest rates?
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