Canada's economy expands by just 1%, chances of big rate cut jump
Canada's economy grew at an annualized rate of just 1% in the third quarter, less than what the Bank of Canada had predicted, prompting currency markets to boost bets for a jumbo rate cut next month.
Canada's economy misses BoC forecast, pushing up odds of jumbo rate cut in December
"Living standards are falling, policy is still restrictive, and inflation is at target – there is no convincing argument in the data as to why the Bank of Canada shouldn’t keep going at a 50 basis point pace in December," said Kyle Chapman, FX market analyst at the London, U.K.-based Ballinger Group.
Weak Third-Quarter Growth to Keep Bank of Canada Cutting
The Canadian economy eked out a small gain last month after a weaker-than-forecast third quarter, keeping the Bank of Canada on track to keep cutting rates.
VIEW Canada's economy expands by 1% in the third quarter
Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, helped by household and government spending and partly offset by lower business investments and exports.
The Daily Chase: More evidence Canada’s economy is slowing
Canada’s competition watchdog has set its sights on Google-owner Alphabet, suing the tech giant for allegedly abusing its dominance in web advertising unfairly. The bureau is asking the Competition Tribunal to punish and rein in the company’s power by forcing it to sell two of its ad tools and stop competitive practices.
Canada Growth Slows to 1% in Third Quarter
Canada’s economy lost steam in the July-to-September quarter with a fall in business investment and exports, likely leaving room for the central bank to continue lowering interest rates to help spark growth.
Instant view: Canada's economy expands by 1% in the third quarter
Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, helped by household and government spending and partly offset by lower business investments and exports.
Canada's economy grew 1% in the third quarter
The Canadian economy grew at an annualized rate of one per cent in the third quarter, Statistics Canada said on Friday.
Canada Economic Growth Slows To 1.0% In Third Quarter
Canada's economic growth slowed in line with expectations to 1.0 percent in the third quarter, the national statistical agency said Friday.
Canada's economy misses BoC forecast, expanding 1 per cent annually in the third quarter
Canada's economy grew 1 per cent annually in the third quarter, Statistics Canada said on Friday, as real gross domestic product (GDP) expanded by 0.1 per cent in September. The quarterly results were in line with economist expectations.
Canada's economy grew 1% in the third quarter from higher government, household spending
The Canadian economy grew at an annualized rate of one per cent in the third quarter, Statistics Canada said on Friday.
Nairametrics15h
Rising onward migration of skilled immigrants threatens Canada’s economy
Canada is facing an increasing challenge as a growing number of skilled immigrants, including permanent residents, are leaving the country.
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