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Canadian economy remains flat in August

This is a news story, published by torontosun, that relates primarily to The Bank of Canada news.

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Economy stalled in August, Q3 growth looks to fall short of BoC estimates

torontosun

Summary

Nutrition label

89% Informative

A preliminary estimate suggests real gross domestic product grew by 0.3% in the third quarter .

Manufacturing sector was the largest drag on the economy, followed by utilities, wholesale and trade.

The Bank of Canada delivered a half -percentage point interest rate cut last week .

The central bank is expecting economic growth to rebound next year as rate cuts filter through the economy.

VR Score

92

Informative language

93

Neutral language

54

Article tone

formal

Language

English

Language complexity

63

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Time-value

short-lived

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