Economy · 5 d ago
The original uploader was Demetri1968 at English Wikipedia. · CC BY-SA 3.0 · Wikimedia Commons
Canada's economy stalls for a second month in August
Real GDP was essentially unchanged in August, short of the 0.2 per cent gain Statistics Canada had expected. Its early estimate for September is a 0.1 per cent decline.
Retail trade
+1.2%
Wholesale trade
-1.4%
Oil sands maintenance in northern Alberta was the biggest drag, and wholesale trade fell 1.4 per cent. Retail trade grew 1.2 per cent.
Third-quarter growth, flash estimate
1.3 % annualized
Despite the flat months, Statistics Canada's flash estimate still sees third-quarter growth of 1.3 per cent annualized, down from 3.3 per cent in the second quarter.
And us?
The data comes two days after the Bank of Canada raised its benchmark rate by a quarter point to 2.5 per cent, its first hike in more than three years.
