Canada GDP Data Stirs Debate Over Bank of Canada Rate Outlook
Statistics Canada's monthly GDP data showed no growth in August, with an early estimate indicating a 0.1% decline in September. BMO Capital Markets chief economist Douglas Porter said the figures sparked debate over the timing of further Bank of Canada rate hikes.
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Bank of Canada Remains Focused on Inflation Despite Surprise GDP Stall — Market Talk
Canada GDP data sparks "some surprising drama" about the timing of further rate hikes from the Bank of Canada, says Douglas Porter, chief economist at BMO Capital Markets. Statistics Canada's monthly GDP data indicate a flat reading in August, and an early estimate for a 0.1% drop in September. Thi…