Canadian Economy on Softer Footing Before Latest Tariffs Kick In
Dow Jones
Sep 29
1011 ET - Growth in Canada was slowing even before fresh tariffs begin to bite, with unchanged GDP in July and a small projected rise of 0.2% on-month in August, Capital Economics' Bradley Saunders says. That should mean GDP growth cooled to around 1.4% annualized in 3Q, given weakness expected this month amid the hit to real incomes from higher oil prices and the latest U.S. tariffs, the economist says. Growth of 1.4% would be around the latest projection from the Bank of Canada, though Saunders expects activity to slow further in 4Q.
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