0928 ET - Capital Economics says Canada's October GDP data shows more signs of emerging green shoots, and raises the possibility that the Bank of Canada decides to leave its policy rate unchanged in January. Oil-and-gas extraction helped power 0.3% GDP growth in October, with the energy sector posting its best one-month performance in nearly four years. CapEcon notes the other encouraging sign was upward revisions to August and September GDP. The early Statistics Canada estimate for November does suggest GDP weakened, down 0.1%, but CapEcon says that's not a surprise given strikes at Canadian ports and the national postal service. (paul.vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
December 23, 2024 09:28 ET (14:28 GMT)
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