StatCan to release August GDP report, estimate for third quarter economic growth

Economy stalled in August, Q3 growth looks to fall short of Bank of Canada estimates

OTTAWA — The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.

Canada’s Economy Likely Missed Central Bank’s Third Quarter Growth Forecast

OTTAWA—Canada’s gross domestic product was unchanged in August before likely expanding by 0.3 percent in September, data showed on Thursday, indicating the economy might have missed the central bank’s growth forecast for the third quarter. The reading for August matched the median forecast of analysts polled by Reuters. A 1.2 percent contraction in manufacturing was the biggest drag on the economy in August, Statistics Canada said, adding that r…

StatCan estimates Canada’s economy grew at a pace just above flat

Growth in services in August were offset by declines in goods-producing industries

Canada’s economy stalled in August amid rail shutdown: StatCan - National

The Bank of Canada has increasingly focused on the health of the economy as it crafts monetary policy, now that inflation has cooled back to its two per cent target.

In the news today: StatCan to release estimate for Q3 economic growth

Here is a roundup of stories from The Canadian Press designed to bring you up to speed...

StatCan to release August GDP report, estimate for third quarter economic growth

OTTAWA — Statistics Canada is set to publish its August gross domestic product report, which will include an early estimate for economic growth in the third quarter. The agency’s preliminary estimate for August suggested the economy did not grow that month. RBC says it expects the economy remained weak in September as well, dampening growth […]