The Financial Post reports in its Friday, Nov. 1, edition that Canada's economy showed no growth in August, with GDP projected to rise at an annualized rate of just 1 per cent in the third quarter, according to Statistics Canada. The Post's Jordan Gowling writes that an early estimate suggests a 0.3-per-cent growth in September. The Bank of Canada has revised its third quarter GDP forecast down to 1.5 per cent, indicating growth may fall below this figure. BOC Governor Tiff Macklem said policy-makers would like to see economic growth strengthen after delivering a 50-basis-point cut to its policy rate last week, bringing the overnight rate down to 3.75 per cent. BMO economist Douglas Porter said the latest GDP growth numbers will favour another cut to interest rates by the BOC, but more data are needed to determine whether it will be a 50- or 25-basis-point cut. Mr. Porter said in a note: "While far from conclusive, chalk this one up on the dovish side of the ledger. However, the [BOC] will see another GDP result (the full Q3 report) before next deciding on rates, along with two jobs reports and another CPI, so this less-than-scary reading hardly settles the debate over the next move."