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October 2020

Found 22 blog entries for October 2020.

bcrea nowcast

BC Monthly Real GDP Estimate for July 2020 & Preliminary Estimate for August 2020 (Updated: September 30, 2020)

  aug31

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July is -4 per cent. For comparison, the Canadian economy contracted 4.9 per cent year-over-year in July.

We have also included a preliminary estimate for August 2020 of -3.2 per cent. While year-over-year growth remains negative, the rate of decline is slowing as the economy continues to improve on a monthly basis.

Download the full report (PDF)

For more information, please contact:

Brendon Ogmundson
Chief Economist
604.742.2796
bogmundson@bcrea.bc.ca 
 

BCREA is the professional association for

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May30-1  

Canadian Monthly Real GDP (July)  - September 30, 2020

Canadian real GDP grew 3 percent in July, following a record 6.5 percent increase in June.  However, even after three consecutive months of strong growth, the Canadian economy remains about 6 percent below its pre-pandemic level of output.  All 20 Canadian industrial sectors posted increases in July, with the real estate sector surpassing its pre-pandemic level of GDP.

Statistics Canada's preliminary estimate for August's real GDP growth is 1 percent, which means that third-quarter real GDP growth is currently tracking at close to 10 percent, or about 40 percent on a quarterly annualized basis.  Still, even that unprecedented level of growth would still leave the Canadian economy about

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