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Canada GDP Stalls in Aug with Sept Contraction Forecast; Growth Momentum Weakens After BoC Rate Hike

Published: 2026-10-30 21:32:00Category: financeHeat: 72

English summary

Statistics Canada data showed real GDP remained flat for the second consecutive month in August, with preliminary estimates indicating a slight contraction in September. Following the Bank of Canada's rate hike to 2.5%, this data highlights the tension between slowing growth and inflationary pressures, with USD/CAD holding near 1.39-1.40.

The English text is machine translated and may require verification against the Chinese version.

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