Economics
Canada Finds Out This Week if Economic Engine Runs Without Oil
- Poloz rate decision and quarterly GDP lead busy economic week
- Clues sought on damage from oil crash and momentum elsewhere
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Canadians find out this week how well their economy functions without oil as the main driver.
The nation’s statistics agency reports gross domestic product for the third quarter Tuesday. Economists in a Bloomberg survey predict annualized growth of 2.3 percent, after a plunge in oil prices below $50 a barrel triggered two quarterly contractions to start the year.