Canada Economy on Track for Tepid Growth in Third Quarter (2)

The Canadian economy appears to be on track to eke out growth between July and September, likely bouncing back from a second-quarter contraction but remaining weakened by US tariffs.

Industry-based gross domestic product expanded by 0.1% in September, according to a flash estimate from Statistics Canada on Friday. It shrank by 0.3% in August, coming in lower than the flat growth that was expected in a Bloomberg survey of economists.

Taken together, the data points to 0.4% annualized growth in the third quarter. The Bank of Canada estimates 0.5% growth over that period once the full expenditure-based data is released ...