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Data reinforces the BoC's decision to hold rates, economist says

Credit card

Credit card debt outpaced other forms of non-mortgage borrowing

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Weakness in China dragged down overall GDP

Retail sales

Fifth straight monthly gain reflects resilient economy despite tough economic environment

Global growth

Weakness in China, tighter financial conditions weighing on outlook

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Overall economic trends point to a slowdown

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Economists see unemployment rate of 6.7%, with job losses of about 50,000

Global trade

Canada's merchandise trade surplus with the United States rose to $7.4 billion

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Numbers reflect higher borrowing costs and uncertainty about the economy

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Food and energy prices eased, but core inflation remained stubbornly high

  • By: Staff
  • September 5, 2023 September 5, 2023
  • 15:06