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SOUTH ASIAN OBSERVER NEWS 5
FRIDAY, NOVEMBER 03, 2017

Conservatives still tops in party Canadian economy slows,

fundraising but Liberals close the gap reinforcing central bank caution

he Canadian economy unexpectedly shrank in
August, reinforcing forecasts from the Bank of
n its first full quarter under by the party, the contestants from the beginning of the month, led the field TCanada about slowing growth and damping down
Andrew Scheer, the Conservative leadership race that ended with with $374,183 in fundraising. In total, market expectations of a possible third rate hike this year.
IParty raised $3.6 million, outpacing Andrew Scheer's victory in May raised Singh raised just under $731,000 August gross domestic product edged down by 0.1
Justin Trudeau and the Liberals' $3.1 about $77,000 to help service debt throughout the campaign. percent from July, the first month-on-month decline since
million. accrued during the campaign. That That put him well ahead of his October 2016, in part due to maintenance shutdowns in the
For the third consecutive quarter, included $3,501 raised by Kevin defeated rivals. Ontario MP Charlie chemical and extractive industries, Statistics Canada
the Conservative Party out-fundraised O'Leary, who says he is waiting until Angus raised $189,181 in the third (Statscan) said on Tuesday.
the governing Liberals, taking in over next year to focus on paying down the quarter, followed by Manitoba MP Niki Analysts in a Reuters poll had predicted a 0.1 percent
$3.6 million in the third quarter of substantial debts from his abortive Ashton at $173,365 and Quebec MP Guy increase in GDP after the economy stalled in July.
2017. leadership bid. Caron at $94,812.50. Producer price data were also weaker than expected and
New fundraising figures from The Liberals saw their fundraising The New Democrats had the lowest the Canadian dollar quickly dropped to C$1.2914 to the U.S.
Elections Canada shows the increase for the second consecutive average quarterly contribution at dollar, or 77.44 U.S. cents, from C$1.2849, or 77.83 U.S. cents
Conservatives raised $3,644,008 in the quarter, closing the gap between them $54.72 per donor, compared to $68.39 for before the release.
months of July, August and September and the Conservatives by half to just the Greens, $99.67 for the Bloc The Bank of Canada raised rates in July and September
from 32,211 individual contributors. $513,000. But this was the worst third Québécois, $105.17 for the Liberals and but sat on the sidelines last week, lowering its estimate for
That put them ahead of the Liberals, quarter for the party since 2013 and the $113.13 for the Conservatives. third-quarter annualized growth to 1.8 percent to 2.0
who took in $3,130,845 from 29,786 smallest number of individual The Greens put up their worst percent.
contributors. contributors in a quarter since then. quarter in four years, taking just Governor Stephen Poloz said more hikes would be
Though the numbers still put the The New Democrats raised $443,828 from 6,490 individual required over time while noting the central bank would be
Conservatives on top, the party's total $1,090,260 from 19,925 individual contributions. So far this year, the cautious as it considered its next move, relying heavily on
fundraising was down for the second contributors, an increase from the Greens have raised $1.4 million, well economic data. The bank's next rate announcement is in
consecutive quarter. The party had second quarter of 2017 as well as the behind the NDP at $2.8 million, the December.
raised just over $4 million in the third quarter of last year. They also Liberals at $9 million and the "The moderation of growth and still mild inflation will
second quarter of the year. But with raised money from more contributors Conservatives at $13 million. be welcomed by a Bank of Canada intent on delaying
the exception of 2015, when the than in any quarter since the 2015 The Bloc Québécois has raised just interest rate hikes for as long as possible," said Patric
country was in the midst of an election federal election. $304,000 so far in 2017, with $76,445 Booth of National Bank.
campaign, the Conservatives have seen Leadership contestants added coming into the party in the third The manufacturing sector slipped by 1.0 percent, pulled
a drop in fundraising from the second another $835,000 brought into the quarter from 767 contributions. The down by a 7.3 percent slump in chemical manufacturing -
to third quarters in every year since party's orbit. Jagmeet Singh, who party has seen its contributions slip in the largest monthly drop in 20 years - caused by plant
2010. In addition to the money raised became the NDP's new leader at the three consecutive quarters. shutdowns and lower demand for export markets.