Weekly Economic Hightlights from TD Economics:
- Canadian GDP fell 0.1% in August, dampening prospects for the potency of Canada’s Q3/2009 rebound.
- Canadian industrial product and raw materials indices declined in September, pointing to continued downward pressure on core consumer prices from cheaper inputs.
- Employment Insurance beneficiaries declined in August, but likely exhaustion rather than new jobs.
- Bank of Canada sticks to script that higher dollar means slower recovery, pointing to low rates for longer.
Happy Halloween!!
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