Skip to content
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

CANADA

Canada’s economy grew 1.3 percent in the third quarter, missing market expectations of 1.4 percent growth but matching the Bank of Canada’s recent forecast. 

Royce Mendes, a CIBC World Markets economist, said that although the 1.3 percent growth “isn’t anything to write home about, the revisions coupled with strength in final domestic demand growth do reinforce the Bank of Canada’s current stand-pat view on rates.” 

Market analysts, including those at the Bank of Canada, forecast under 2 percent growth for 2019 and 2020.

Business spending rebounded in the third quarter, up 10.7 percent annualized, the largest increase since late 2017. Household consumption rose from 0.5 percent in the second quarter to 1.6 percent in the third quarter.

TREND FORECAST: The global economic slowdown will continue to affect Canada. As the world economies continue to slow, Canada’s central bank won’t “stand-pat” and will in fact drop their interest rates down to the zero-to negative range.

Comments are closed.