Canada headed for recession – official data ...News

Real GDP was likely unchanged for three months in a row in September, according to official data Canadian economic performance remained flat in August and likely slipped into a shallow contraction in the third quarter, according to the country’s statistics office. The slowdown has been attributed to higher interest rates, inflation, forest fires, and drought conditions across the country. Preliminary data indicated that real GDP was unchanged in September as well, for the third month in a row. According to the report, services-producing industries increased 0.1% month-on-month, while goods-producing industries con

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