Published • loading... • Updated
StatCan to release GDP data for August, early estimate for Q3 today
- Statistics Canada is set to release August GDP figures, along with early estimates for September and the third quarter.
- Economists in a Reuters poll expect Canada’s economy to grow 0.2% in August, following no growth in July.
- August’s figures will partly reflect 50% U.S. tariffs on some Canadian goods that began on August 22.
- The Bank of Canada is monitoring tariff impacts and energy-price risks after raising its benchmark interest rate to 2.5%.
Insights by Ground AI
32 Articles
32 Articles
The Toronto Star+30 Reposted by 30 other sources
StatCan to release GDP data for August, early estimate for Q3 today
OTTAWA - Statistics Canada is set to release GDP figures for the month of August and its early estimate for September and the third quarter overall this morning.
·Toronto, Canada
Read Full Article
USD/CAD Forecast Today: Canadian Dollar Hits Six-Week High as GDP Data Looms
The Canadian dollar extended its gains on Friday after reaching a six-week high in the previous session, as a Bank of Canada rate increase narrowed the yield gap with the United States. Investors now await Canadian GDP figures for evidence that the economy can withstand further tightening. USD/CAD traded near 1.3960, down 0.21%, slipping below Thursday’s low of 1.3966. The decline means fewer Canadian dollars are needed to buy one US dollar, ref…
Coverage Details
Total News Sources32
Leaning Left23Leaning Right0Center7Last UpdatedBias Distribution77% Left
Bias Distribution
- 77% of the sources lean Left
77% Left
L 77%
C 23%
Factuality
To view factuality data please Upgrade to Premium
