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StatCan set to report Q2 GDP results after surprise Q1 contraction
Economists expect Canada’s economy to expand 3.4% annualized in the second quarter after a slight first-quarter contraction, according to a Reuters poll.
- Statistics Canada is scheduled to release new GDP figures for June and the second quarter today.
- Economists surveyed by Reuters expect the Canadian economy to grow at an annualized rate of 3.4% in the second quarter according to LSEG Data & Analytics.
- RBC economists predict GDP growth will exceed 3% in the second quarter, recovering from earlier slowdowns.
- Statistics Canada reported a slight real GDP decline in the first quarter, prompting discussions about a possible recession at that time.
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25 Articles
The Toronto Star+23 Reposted by 23 other sources
StatCan set to report Q2 GDP results after surprise Q1 contraction
OTTAWA - Economists are expecting fresh data will show growth rebounded sharply in the second quarter of the year when Statistics Canada publishes new gross domestic product figures this morning.
·Toronto, Canada
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Total News Sources25
Leaning Left18Leaning Right0Center6Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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