{"id":318469,"date":"2025-12-01T13:42:11","date_gmt":"2025-12-01T13:42:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/318469\/"},"modified":"2025-12-01T13:42:11","modified_gmt":"2025-12-01T13:42:11","slug":"canadas-gdp-rebound-leans-on-trade-and-defence-not-consumers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/318469\/","title":{"rendered":"Canada\u2019s GDP rebound leans on trade and defence, not consumers"},"content":{"rendered":"

He cautioned that trade data should be taken \u201cwith a grain of salt\u201d because tariffs and the US government shutdown<\/a> have distorted the statistics.\u00a0<\/p>\n

Oxford Economics\u2019 Tony Stillo and Michael Davenport told Al Jazeera that \u201cheadline growth was flattered by a large drop in imports which masked underlying weakness in domestic demand\u201d and noted that overall final domestic demand was flat in Q3.\u00a0<\/p>\n

On consumers, BNN Bloomberg cites Capital Economics\u2019 Bradley Saunders as saying the drop in household spending<\/a> was the largest quarterly decline outside the pandemic in almost two decades, and that the combination of weaker consumption, flat business investment and a soft early read on October GDP shows \u201cthe economy is struggling for momentum.\u201d \u00a0<\/p>\n

CBC News reports that Andrew DiCapua, chief economist at the Canadian Chamber of Commerce, described the economy as \u201csickly,\u201d arguing that \u201chouseholds and businesses are still holding back, and the economy hasn\u2019t found the momentum it needs to shift into a higher gear.\u201d\u00a0<\/p>\n

On policy and markets, BMO chief economist Doug Porter wrote, in comments reported by BNN Bloomberg, that the third\u2011quarter rebound \u201cshould quash recession chatter for now,\u201d but said the Bank of Canada<\/a> is unlikely to change course based on \u201chit\u2011and\u2011miss\u201d details and is likely to stay on the sidelines at its December 10 meeting. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"He cautioned that trade data should be taken \u201cwith a grain of salt\u201d because tariffs and the US…\n","protected":false},"author":2,"featured_media":318470,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[52,49,48,65289,2445,44],"class_list":["post-318469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-bank-of-canada","tag-ca","tag-canada","tag-canada-gdp","tag-economic-growth","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/318469","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=318469"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/318469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/318470"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=318469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=318469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=318469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}