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StatCan to Release Key Third Quarter Economic Growth Estimate Amid Slowing Trends

  • Statistics Canada is set to publish its August GDP report with a preliminary third-quarter growth estimate, following recent signals of economic slowdown.
  • The Bank of Canada projects a modest 1.5% annualized growth rate for Q3, with factors like declining oil production affecting revenues.
  • RBC indicates economic weakness extended into September, further dampening the quarter's outlook.