In August, GDP declined a seasonally adjusted 0.1% over the previous month, which contrasted July's 0.2% rise as well as market expectations of an increase of the same magnitude. According to Statistics Canada, mining and oil and gas extraction as well as manufacturing drove the decrease in August. On an annual basis, GDP expanded 1.2% in August, which was below the 1.9% increase observed in July. Moreover, the trend continues to point downwards, with annual average variation in GDP dropping from 2.2% in July to 2.0% in August. According to its October Monetary Policy Report, the Central Bank projects the economy to grow 2.2% this year and 2.3% in 2013
GDP falls in August
October 31, 2012
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.