GDP growth slowed sharply to just 1.3% annualised in the third quarter, but the expenditure breakdown was more encouraging than we had expected. The acceleration in domestic demand growth reduces the case for adding more stimulus and suggests that the Bank of Canada will remain on the side-lines for at least the next 12 months.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services