Alberta Mirror

Monday, January 17, 2022

Statistics Canada catalogued to feature third-quarter GDP numbers

Key takeaways: 

  • Statistics Canada is programmed to describe this morning.
  • It will report how the Canadian economy happened throughout the third quarter of the year.

Statistics Canada to report GDP figures on the economy throughout the third quarter: 

Late current month, the statistics agency originally predicted that real gross domestic output grew at a yearly rate of 1.9 per cent within July and September.

The amount is to be concluded today after the agency got extra data to decide if the economy did certainly reflect from a decrease of 1.1 per cent in the previous three-month stretch.

Also read: Amazon warehouse operators in Alabama to take an added vote on unionizing

The agreement expectation from economists is that GDP increased in the quarter at a yearly rate of around three per cent, which would be under the Bank of Canada’s projection of 5.5 per cent.

CIBC senior economist Royce Mendes tells some increase that didn’t occur in the third quarter may get started to the final trimester of 2021 but could be affected by flooding in British Columbia.

TD senior professor Sri Thanabalasingam also suggests that growth at the end of the year could take a strike from the Omicron variant of COVID-19 that could be more transmissible.

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