-- 加拿大帝國商業銀行(CIBC)在周四公佈國內生產總值(GDP)數據後表示,加拿大經濟成長似乎在第一季“重燃”,但“尚未完全恢復”。 該行指出,2月的月GDP數據顯示季增0.2%,與市場普遍預期和初步估計值相符。 CIBC指出,製造業是經濟成長的最大貢獻者,這主要得益於汽車產業在1月萎縮後出現的反彈。汽車產業供應瓶頸的緩解也推動了批發業的成長。然而,除上述行業外,其他行業的趨勢“明顯更加複雜”,3月份的初步估計值顯示該月GDP將持平。 CIBC表示,就第一季整體而言,週四公佈的初步估計值顯示年化成長率為1.7%,與加拿大央行貨幣政策報告預測的1.5%非常接近。然而,報告補充道,3月經濟成長動能再次放緩,加上週四公佈的就業、薪資和工時調查(SEPH)數據顯示2月就業人數下降(-60,000),可能預示著第二季度經濟前景堪憂。 不過,加拿大帝國商業銀行(CIBC)認為,總體而言,石油市場的走勢以及通膨壓力是否蔓延至核心指標的任何跡象,仍將是決定加拿大央行今年是否需要升息的關鍵因素。 CIBC仍然認為,即使能源價格上漲的影響在某些領域顯現,加拿大經濟仍有足夠的閒置產能來維持核心通膨指標的溫和水平,這將使加拿大央行能夠在2026年之前維持利率不變。
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