Canada: Q3 GDP growth likely to slow to 1.8% - TDS

Analysts at TD Securities are expecting Canada’s GDP growth to slow to 1.8% in Q3 (market: 2.0%), led by a moderation in household consumption and a contraction in residential investment.

Key Quotes

“Non-residential investment and net exports will provide an offset though the latter is driven by weaker imports. Industry-level growth for September should print at 0.1%, in line with market estimates, on a drag from the goods sector which will provide a soft handoff to the fourth quarter.”