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Canada 3Q GDP Seen Slowing to 1.3% on Trade Fight
Canada's gross domestic product is expected to show soft growth in the third quarter after a stunning gain in the second, with exports hurt by global trade tensions and indebted consumers holding back. The MNI Median shows a growth rate of 1.3% on a mix of global and domestic uncertainties, far below the second quarter pace of 3.7% that was the fastest in two years. The global trade war is affecting business investment and exports and they will likely contribute the most to the GDP slowdown. On the domestic side, while consumer spending is likely to aid growth somewhat due to strong wage and employment gains, the ... (full story)