Manufacturing sales increased a tad stronger than we expected, though not enough to change our view on fourth-quarter GDP growth in the range of 1.5% to 2%. Indeed, looking through the monthly volatility in manufacturing and trade data, we still see only a modest pick-up in fourth-quarter economic growth, not enough to prevent Canada’s output gap from widening further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.