The Canadian economy underperformed the Bank of Canada's call for 1.5 per cent annualized growth in the third quarter, and per-capita GDP fell for a sixth consecutive quarter.
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The results undershot the Bank of Canada’s call for 1.5 per cent annualized growth in the third quarter. StatCan said that real GDP per capita was down 0.4 per cent in the quarter, meaning growth on a per-person basis has now declined for the sixth consecutive quarter. On a monthly basis, real GDP was up 0.1 per cent in September, while StatCan’s early estimates for October show the same growth expected for that month, though the agency cautions those figures may be revised.
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