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Canada’s Economy to Expand at a Slower Pace in Q3
Canada’s economic growth for the third quarter (Q3) is estimated to have slowed down, after two weak summer months and a very strong September. Some of the key elements behind expansion include trade, business investment and marginal consumer spending. Real gross domestic product (GDP) in Canada is forecast to rise 2.1% over the past year in Q3, after an advance of 3.1% in the previous quarter, according to analysts’ consensus. The market estimate is slightly below the Bank of Canada’s (BoC) projection of 2.3% growth for the quarter, putting some strain on the loonie, which is already under pressure from weak ... (full story)