Canada Q3 GDP +1.0% vs +1.0% expected

• The Q2 reading was +2.1% annualized
• Q/Q reading +0.3% vs +0.5% prior
• Q/Q implicit price index +0.6% vs +1.1% prior

Monthly data:

• September monthly GDP +0.1% vs +0.3% expected (advance est was +0.3%)
• August monthly GDP was previously reported at 0.0%
• Services vs %
• Goods vs % prior
• Manufacturing vs -1.2% prior
• October advance reading +0.1%

These are unimpressive numbers, with Sept and Oct both now running at 0.1%.

Meanwhile, on a per capita basis, Canadian GDP fell 0.4% in the third quarter, which was the sixth consecutive quarterly decline. The only think keeping the Canadian economy alive has been mass population growth.

This article was written by Adam Button at www.forexlive.com.