Canada’s economy experienced a contraction of 1.6% in the second quarter, marking the first GDP decline in seven quarters. This downturn was largely attributed to a sharp 7.5% fall in exports, significantly impacted by tariffs imposed by the US. The decline has fueled speculation that the Bank of Canada might consider cutting interest rates in September. Post navigation Gold prices surge across Egypt after surprise 2% interest rate cut: See what each Karat costs now Bigg Boss 19: Amaal Mallik taunts Baseer Ali and Abhishek Bajaj’s shirtless looks by calling them ‘Salman Kand’