Statistics Canada to release October GDP data this morning

OTTAWA –

Statistics Canada is about to launch its newest financial studying this morning.

The federal company is predicted to launch actual gross home product figures for the month of October.

In a preliminary estimate launched final month, Statistics Canada mentioned actual GDP was basically unchanged for the month, with the financial system neither increasing nor contracting.

The company mentioned advance indications had been that will increase within the public, transportation and warehousing, building and wholesale commerce sectors had been offset by decreases within the manufacturing and mining, quarrying and oil and fuel extraction sectors.

The report comes after development of 0.1 per cent in September.

An financial slowdown is predicted because the Bank of Canada has labored to chill inflation by elevating rates of interest seven occasions this 12 months.

This report by The Canadian Press was first revealed Dec. 23, 2022.