GDP Growth Nowcast Edges Lower, Signalling Strong Headwinds to Come: GrowthNow—November 2023

People walking across bridge to shopping mall, Toronto, Canada

GDP Growth Nowcast Edges Lower, Signalling Strong Headwinds to Come: GrowthNow—November 2023

Canadian
8 min read

Author: David Ristovski

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GrowthNow is a real-time forecast of Canadian real GDP growth, using the latest statistics on GDP by industry, retail sales, inventories, manufacturing sales, commodity prices, employment, and consumer confidence.

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In this monthly report, we analyze the latest economic trends and provide a real-time forecast of Canada’s real GDP growth.

How is the Canadian economy managing the twin challenges of elevated inflation and high interest rates? How do global economic trends affect Canada’s international trade and projections for its economic growth? We share our outlook for Canada’s economy in the third quarter of 2023.

Read the report to get our full analysis.

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