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Scotiabank Says Canada's Q3 Labor Productivity Could Unexpectedly Rise

BY MT Newswires | ECONOMIC | 12/03/25 08:27 AM EST

08:27 AM EST, 12/03/2025 (MT Newswires) -- Canada will publish Q3 labor productivity figures at 8:30 a.m. ET on Wednesday, said Scotiabank.

The data could post a gain for a change, noted the bank. The main reason is that hours worked were up only modestly 0.4% quarter-over-quarter SAAR.

The Q3 GDP beat won't translate through very well to productivity, given the import distortions, stated Scotiabank.

Also, the bank will watch revisions to the 2022-24 period after GDP was revised substantially higher last Friday.

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

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