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Q3 GDP Contracts On Quarterly Annualized Basis

CANADA
  • Flash annualized quarterly GDP -0.1%. Flash for Q3 0% quarter over quarter. 
  • GDP 0% MOM in August vs 0.1% expected, +0.9% YOY. 
  • Goods producing industries -0.2% while service producing industries +0.1%.
  • Flash estimate for September 0%.
  • StatsCan said extreme weather events weighed on the economy, August is the last month impacted by forest fires and BC port strike. 

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