The result was unexpectedly strong amid inflation and rising interest rates
Household savings rate rose to 5.7% in Q3; oil exports helped drive GDP growth
Economy will ‘stall’ in months ahead: CIBC economist
Private sector forecasters say the economy will expand by as little as 3% this year
Real estate will play "a significant role" in the downturn for some provinces, BMO chief economist says
The bleak projections come as central banks around the world raise interest rates to tame inflation
The poor performance was the second consecutive quarter of economic contraction
Some banks expect third-quarter growth of about 1%
Recession now expected for Europe this year, U.S. in 2023
BoC still says economy’s overheated while real GDP rose 0.8% in Q2