January 18, 2025

Flat: Canada economy flat in August, most likely unchanged in September

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OTTAWA: The Canadian economy was unchanged in August, as the slight increase in services-producing industries offset the decline in goods-producing industries, Statistics Canada said on Tuesday. September GDP was also most likely unchanged, as was the indication for third quarter real GDP, and down 0.1% on an annualized basis, the agency said in a flash estimate.
The goods-producing sector decreased by 0.2%, while the service-producing sector increased by 0.1%. (Changes in percent)



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