June 21st, 2024

Canadian Press NewsAlert: Economy flat in August, estimate suggests shrank in Q3

By The Canadian Press on October 31, 2023.

Statistics Canada is set to release its August gross domestic product report this morning. The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

OTTAWA – Statistics Canada says a preliminary estimate suggests the economy shrank at an annualized rate of 0.1 per cent in the third quarter.

The estimate came as the agency says the economy remained flat in August.

More coming.

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