Canada's economy stalls again in August, likely lost ground in September Reuters
Canada's economy stalls again in August, likely lost ground in September - Reuters
In short
The domestic economy registered zero growth throughout August as activity ground to a halt. Conditions appear to have worsened heading into September, with early estimates pointing to an actual loss of ground. This ongoing loss of momentum highlights a challenging close to the third quarter.
Key points
- National economic momentum ceased entirely as growth flatlined throughout the month of Au…: National economic momentum ceased entirely as growth flatlined throughout the month of August.
- Preliminary projections suggest the downturn deepened with a likely contraction occurring…: Preliminary projections suggest the downturn deepened with a likely contraction occurring in September.
- Successive months of stagnation and decline indicate worsening economic conditions headin…: Successive months of stagnation and decline indicate worsening economic conditions heading into the autumn.