The large drop in manufacturing sales volumes and the slip in inventories in October indicate that economic growth slowed sharply at the start of the fourth quarter. Accordingly, the risks around the Bank of Canada’s GDP estimate of 1.5% annualised growth now lie firmly to the downside.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services