Key insights
- Canadian Prime Minister Mark Carney acknowledged uneven economic data, partly due to government decisions like reduced immigration and spending cuts. This suggests potential headwinds for the Canadian economy, which could have spillover effects on US markets through trade and investor sentiment, though the direct impact is likely limited.
OTTAWA, June 2 (Reuters) - Canadian Prime Minister Mark Carney, pressed about statistics showing the country is in a technical recession, on Tuesday told reporters that as the government pressed ahead with reforms "the data will be uneven".
He continued: "We see some weakness, in part because of clear decisions made by the government." These included cutting back immigration and curbing government spending, he said.
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