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Canadian economy grew by 0.1 per cent in October, Statistics Canada says

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The Canadian economy grew slightly in October with the latest reading on real gross domestic product coming in higher than expected.

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Performing arts, spectator sports and heritage institutions industries grew by 4.7 per cent amid more Toronto Blue Jays games than usual in October and a late start to the NHL pre-season. The initial estimate for November indicates real GDP was essentially unchanged for that month, but the agency cautioned the estimate would be updated next month.

“Though there will be a lot of data coming out between now and the Bank of Canada’s next policy decision in late January, we think the bank has another hike left in store,” he said. “That would bring the policy rate to a very restrictive 4.5 per cent.”

 

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Time to implement price control and increase wages and salaries. Cost of living is way out of line and expenses going up day by day

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Statistics Canada to release GDP figures for October - National | Globalnews.caIn a preliminary estimate released last month, Statistics Canada said real GDP was essentially unchanged for the month, with the economy neither expanding nor contracting.
Source: GlobalNational - 🏆 81. / 51 Read more »