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Scotiabank Updates Its Canadian GDP Tracking Preview for Friday

BY MT Newswires | ECONOMIC | 11/26/25 07:59 AM EST

07:59 AM EST, 11/26/2025 (MT Newswires) -- Ahead of Friday's release of Canada's gross domestic product numbers, Scotiabank has a bit more information to help with GDP tracking, including preliminary readings for some indicators in October.

September GDP was guided to grow by 0.1% month over month, which the bank bumped up a tick to 0.2%.

October is looking weak and likely to post a drop, stated Scotiabank.

The bank estimates that Q3 GDP overall is likely to barely grow by around 0.5% quarter-over-quarter seasonally adjusted annual rate and with hardly anything baked into Q4.

October guidance has been quite soft across a range of readings, added Scotiabank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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