Canada's economy saw a 0.3% growth in October, but early November data hints at a 0.1% contraction.

Canada's economy grew by 0.3% in October, led by gains in mining, quarrying, and oil and gas extraction, as well as manufacturing. This follows a 0.2% increase in September. Services and goods-producing industries also saw growth. However, early November data suggests a 0.1% contraction, with declines in key sectors. Despite this, the economy's overall performance may lead the Bank of Canada to adjust its interest rate cuts.

3 months ago
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