<\/p>\n
Canada’s third quarter GDP growth has come in way below expectations, at just a 0.4% annualized rate.<\/p>\n
This is far worse than the Bank of Canada prediction for 2%<\/a> annualized growth.<\/p>\n It’s also well below the U.S.’s 2.8% annualized rate<\/a> during the same quarter.<\/p>\n What was the largest factor in the weak Canadian GDP number? A massive spike in imports.<\/p>\n The Star:<\/a> The 0.1 per cent headline growth number – 0.4 per cent at the annualized rate – was driven by domestic demand but was weaker than the 1 per cent most economists predicted, weighed down by a strong Canadian dollar and shriveled by weak exports.<\/p>\n Perhaps a stronger Canadian dollar isn’t always a good thing for Canada, and conversely a weak U.S. dollar isn’t always a bad thing for the U.S..<\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Canada’s third quarter GDP growth has come in way below expectations, at just a 0.4% annualized rate. This is far worse than the Bank of Canada prediction for 2% annualized growth. It’s also well below the U.S.’s 2.8% annualized rate during the same quarter. What was the largest factor in the weak Canadian GDP number? […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-57032","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=57032"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57032\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=57032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=57032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=57032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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