Canadian Economy Grew 0.1% in August, Continuing on Path of Modest GrowthThe Canadian economy edged slightly higher in August and initial estimates pointed to growth continued in September as worries of an impending recession grow.
Statistics Canada said Friday real growth domestic product gained 0.1 percent in August, topping its initial estimate that suggested no growth for the month.
In its initial estimate for September, the agency indicated the economy grew by 0.1 percent again.
The preliminary estimate for September puts the annualized growth rate for the third quarter at 1.6 percent for the July-to-September period, down from an annual pace of 3.3 percent in the second quarter.
Karyne Charbonneau, executive director, economics, at CIBC, said the economy may have slowed, but the good news is there was at least some growth....
Source: Canadian Economy Grew 0.1% in August, Continuing on Path of Modest Growth (https://www.theepochtimes.com/canadian-economy-grew-0-1-in-august-continuing-on-path-of-modest-growth_4826887.html)
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