虽然皮小查一下，Q1

?In the first quarter of 2025, Canada's economy grew at an annualized rate of approximately 1.5%, according to preliminary estimates from Statistics Canada . This marks a slowdown from the 2.6% growth observed in the fourth quarter of 2024 .?Morningstar+1Reuters+1

The quarter began with a strong performance in January, where GDP increased by 0.4%, driven by gains in both goods-producing and services-producing industries . However, February saw a contraction of 0.2%, primarily due to declines in the mining, oil and gas, and construction sectors, exacerbated by adverse weather conditions . Preliminary data suggests a modest rebound in March, with a projected growth of 0.1% .?Statistics CanadaReuters+1Reuters+1Reuters

The economic deceleration is attributed to several factors, including the impact of U.S. tariffs on key Canadian exports such as steel and automotive products, which have dampened business activity and investment . Additionally, while consumer spending and residential investment showed strength, business investment declined sharply, and exports fell for the second consecutive quarter .?MorningstarRBC Thought Leadership

In response to these developments, the Bank of Canada maintained its policy interest rate at 2.75% during its April meeting, after seven consecutive cuts, citing uncertainties stemming from recent U.S. protectionist trade measures . Analysts anticipate that the central bank may consider further rate cuts in June if economic conditions do not improve .?Reuters+1Morningstar+1RBC Thought Leadership+2Reuters+2Morningstar+2