Big Inventory Drag Can't Slow Down Canada Economy -- Market Talk
Dow Jones2026/08/28 13:180918 ET - Statistics Canada's GDP report for 2Q shows an economy booming just before an escalation of trade tensions. Overall, 2Q GDP grew 3.3% annualized, below market expectations but well ahead of the Bank of Canada's previous estimate. The data agency notes GDP growth would have been higher were it not for a sizable drag on inventories. The change in inventories stripped off 1.3-percentage-points from 2Q growth. Policymakers will likely be encouraged to see business investment rise in 2Q, or the first increase in five quarters. And final domestic demand -- which incorporates buying by households, business and government, excluding net exports and inventories -- jumped 3.9%, or the biggest increase in at least a year. (paul.vieira@wsj.com; @paulvieira)
(END) Dow Jones Newswires
August 28, 2026 09:18 ET (13:18 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro drifts toward the bottom of its range as US rate bets climb
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Crypto prices
More
