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Canada's economy misses BoC forecast, expanding 1 per cent annually in the third quarter

By Yahoo! Finance   |   3 weeks ago
Canada's economy misses BoC forecast, expanding 1 per cent annually in the third quarter

Canada's GDP grew 1% annually in Q3, with a 0.1% expansion in September, falling below the Bank of Canada's 1.5% forecast. Analysts suggest a possible 50 basis point rate cut in December based on weaker recent economic trends.

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