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Statistics Canada data showed GDP essentially unchanged in September, with mining, oil and gas and utilities down. Capital Economics says a flat September would put Q3 at an annualized 0.1% contraction, creating a technical recession after a 0.2% drop in Q2.
Slowing Canadian activity supports the view that the Bank of Canada is finished hiking, which tends to limit currency strength and domestic demand for feed inputs.
financialpost.comBianca BhartiOct 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.
