Canada’s Economy on Track for Tepid Growth, Weakened by Trade War
The trade war with the US has been particularly punishing for Canada’s manufacturing industry.
Photographer: Graham Hughes/BloombergThe Canadian economy appears to be on track to eke out growth between July and September, likely bouncing back from a second-quarter contraction but remaining weakened by US tariffs.
Industry-based gross domestic product expanded by 0.1% in September, according to a flash estimate from Statistics Canada on Friday. It shrank by 0.3% in August, coming in lower than the flat growth that was expected in a Bloomberg survey of economists.