麻豆影视

Skip to main content

StatCan to release August GDP report, estimate for third quarter economic growth

A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a $20 bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, Wednesday, Sept. 4, 2024. (Justin Tang/THE CANADIAN PRESS)
A magnifying glass enlarges the holographic image of Parliament Hill's Peace Tower on a $20 bill issued by the Bank of Canada, shown in a display case at the Bank of Canada Museum in Ottawa, Wednesday, Sept. 4, 2024. (Justin Tang/THE CANADIAN PRESS)
Share
OTTAWA -

Statistics Canada is set to publish its August gross domestic product report, which will include an early estimate for economic growth in the third quarter.

The agency's preliminary estimate for August suggested the economy did not grow that month.

RBC says it expects the economy remained weak in September as well, dampening growth for the third quarter.

The Bank of Canada projected in its latest monetary policy report that the economy grew at an annualized rate of 1.5 per cent in the third quarter.

The central bank delivered a half-percentage point interest rate cut last week in response to rapidly plummeting inflation.

The Bank of Canada says it now wants to see economic growth pick back up again.

This report by The Canadian Press was first published Oct. 31, 2024.

CTVNews.ca Top Stories

There appears to be an end in sight for the strange predicament of a B.C. woman who was being paid by the federal government for a job she was hired for but never actually did.

Where to follow the U.S. election results on CTVNews.ca

On U.S. election day, CTVNews.ca will feature live results on an interactive map and a live blog that will be updated throughout the evening starting at 5 p.m. ET by 麻豆影视 journalists and Washington political analyst Eric Ham.

Local Spotlight

A Halifax junk remover shares some of his company鈥檚 strangest discoveries.

When Leah arrived at work directing traffic around a construction site, she never expected to see a van painted in all sorts of bright colours, and covered in eclectic decorations, including a stuffed moose attached to its roof.

After 14 years of repairing and selling bicycles out of the garage of her home, a Guelph, Ont. woman鈥檚 efforts have ended 鈥 for now, at least.

Epcor says it has removed more than 20,000 goldfish from an Edmonton stormwater pond.

Witches and warlocks have been flocking to New Brunswick waterways this month, as a new Halloween tradition ripples across the province.

New Brunswicker Jillea Godin鈥檚 elaborate cosplay pieces attract thousands to her online accounts, as well as requests from celebrities for their own pieces.

A new resident at a Manitoba animal rescue has waddled her way into people's hearts.

Hundreds of people ran to the music of German composer and pianist Beethoven Wednesday night in a unique race in Halifax.

He is a familiar face to residents of a neighbourhood just west of Roncesvalles Avenue.

Stay Connected