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Statistics Canada reported August GDP unchanged, below analyst expectations of a 0.1% gain, and a flat preliminary September forecast. Economists estimate third-quarter GDP contracted 0.1%, which would meet the technical recession definition.
A contracting Canadian economy points to slower domestic demand and an end to Bank of Canada tightening, which modestly supports a weaker loonie.
financialpost.comGigi SuhanicOct 31, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
