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UBS Sees Canada's GDP Growth at 1.5% This Year, at 1.7% in 2027

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UBS said it estimates Canada's gross domestic product growth to slow down this year to 1.5% from 1.7% in 2025.

The bank estimates a pickup in economic growth in 2027, up 1.7%.

UBS sees the consumer price index averaging at 2.6% this year and at 2.4% in 2027, up from 2.1% in 2025.

The current account deficit to GDP is predicted to narrow to 0.7% this year and to 0.3% in 2027 versus 0.9% in 2025.

The Canadian dollar (CAD or loonie) versus the US dollar (USD) is seen at 1.40 at the end of this year and at the end of 2027.

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