✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #27
Canada's economy flat in July, modest growth seen for August
Original: Canada's economic growth unchanged in July, August likely to expand 0.2%
Canada's economy showed no growth in July, according to Reuters, with GDP unchanged from the previous month. Early estimates suggest a pickup in August, with output likely to expand by 0.2%. The stagnation underscores persistent weakness in the Canadian economy and will factor into expectations for the Bank of Canada's next interest rate decisions.
Why now: Weak growth figures are fueling speculation about the Bank of Canada's next moves on interest rates.
Evidence
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