Canadian economy grew 0.1% in August, continuing on path of modest growth 
Canadian economy grew 0.1% in August, continuing on path of modest growth 

OTTAWA- The Canadian economy edged slightly higher in August and initial estimates pointed to growth continued in September as worries of an impending recession grow. Statistics Canada said Friday real growth domestic product gained 0.1 per cent in August, topping its initial estimate that suggested no growth for the month. In its initial estimate for September, the agency indicated the economy grew by 0.1 per cent again. The preliminary estimate for September puts the annualized growth rate for the third quarter at 1.6 per cent for the July-to-September period, down from an annual pace of 3.3 per cent in the second quarter. Karyne Charbonneau, executive director, economics, at CIBC, said the economy may have slowed, but the good news is there was at least some growth. “While we will be

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