Canada economy stalls as GDP growth slows down
Canadas economy stalled for the second straight month in August as wholesale trade and public administration dropped. Statistics Canada estimates a contraction of 0.1 percent for September.
Xurve View
Insights:
Xurve View
Canada's economy stalled in August for the second straight month as retail and manufacturing gains were offset by wholesale trade declines. The reading follows a flat performance in July, signaling persistent economic stagnation. Investors are recalibrating interest rate expectations as third-quarter growth tracks below official projections.
