Canadian economy flat in August, likely missed central bank's 3rd quarter growth forecast

The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.

Canadian economy flat in August, likely missed central bank's 3rd quarter growth forecast
A Canadian dollar coin is shown against a Canadian flag backdrop.

The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of one per cent in the third quarter.