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Canadian flag and chart

Canadian economy shrank in Q3

Economists expect Bank of Canada to remain on hold amid economic weakness

Globe dollars

World economy expected to slow due to inflation, high rates and war: OECD

The organization projects that recessions will be avoided "almost everywhere"

U.S. economic growth for last quarter revised up

Consumer spending puts economy on track for 5.2% annual growth, up from 4.9% estimated last quarter

Retail sales

Forecasters more certain rate hikes are over as recession talk grows over GDP numbers

StatsCan's preliminary estimate for Q3 suggested the economy shrank at an annualized rate of 0.1%

U.S. dollar

U.S. economic growth accelerated to strong 4.9% rate in Q3

The result came amid higher prices and interest rates

Businessman on slide

Economy expected to stagnate in second half of 2023: PBO

Federal deficit projected to rise to $46.5 billion in 2023-24, up from an estimated $38.7 billion for 2022-23

German colours against chart

German government forecasts that the country’s economy will shrink by 0.4% this year

Revises April forecast, when it predicted 0.4% growth

canadian money

Statistics Canada reports real GDP essentially unchanged in July

Services-producing industries gained 0.1% in the month, goods-producing industries contracted 0.3%

Interest rate uncertain

Canadian economy to get back on its feet next year: Deloitte Canada

Recovery will pick up steam in the second half of 2024, the company forecast

Arrow blocks

U.S. economy grew at 2.1% rate last quarter

Surprising resilience continues amid tighter monetary policy