Statistics Canada says the pace of economic growth slowed in August as real gross domestic product grew 1.2 per cent, compared with a 3.1 per cent rise in July.
The August figure was stronger than the average forecast of 0.9 per cent for August provided by economists polled by financial data firm Refinitiv.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
READ MORE: When did you last work? 1.3M jobless Canadians have passed critical 6-month mark
But in a preliminary estimate, Statistics Canada says growth for September slowed to about 0.7 per cent.
- Councillors in Rocky View County, bordering Calgary vote to pause data centres
- Fewer private sector workers have pensions. What does it mean for retirement?
- Alberta referendum costs climbing with another $365K in promotion, says Nenshi
- Edmonton city council faces urgent call to address downtown business closures
The agency says overall economic activity was still about five per cent below the pre-pandemic level in February.
Comments
Want to discuss? Please read our Commenting Policy first.