Canadian Economy GDP unchanged For Third Straight Month

Business

2023-12-22
Published 1 Year ago by Calter Wronkite

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On November 3rd, 2020, Canada released their figures for GDP growth in October 2020. This report indicated that Canada's economy was GDPunchanged for a third consecutive month. The Gross Domestic Product (GDP) for October grew by 0.2% compared to September, while economists had predicted growth of around 0.7%. The main contributor to this slowdown in growth is the COVID-19 pandemic, which has affected many businesses and consumers alike in Canada. As Canadians, we are concerned about maintaining our standard of living and meeting our economic goals. In addition, we are working hard to ensure that COVID-19 does not impact our economy again. So far, we have seen positive numbers from health authorities regarding new cases, hospitalizations, deaths, etc. We will continue to monitor these numbers closely and work together to mitigate any future economic disruptions.

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