Canadian Growth Undershoots Even Pessimistic Expectations -- Market Talk

0928 ET - The estimated 1.3% annualized expansion in Canada's economy in 3Q is far below the Bank of Canada's upwardly revised 2% forecast and even lower than Capital Economics' pessimistic 1.5% figure. Capital's Bradley Saunders says the weak handover to 4Q supports the view the next Bank of Canada rate increase won't come until next year. That is even with the central bank's emphasis increasingly on the risks to inflation, the economist adds. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

October 30, 2026 09:28 ET (13:28 GMT)