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- Statistics Canada's August GDP report indicates stalled economic growth, with RBC projecting continued weakness in September, impacting Q3 growth figures.
- The Bank of Canada anticipates a 1.5% annualized growth rate for Q3, despite slower economic momentum.
- In response to declining inflation, the Bank of Canada implemented a half-percentage point rate cut to stimulate growth.
StatCan's August GDP Report Highlights Economic Slowdown in Third Quarter
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