<div id="readability-page-1">06:05 AM EST, 12/29/2025 (MT Newswires) -- The Canadian economy contracted 0.3% in October after a run of soft data in the month, said Bank of Montreal (BMO) after last week's gross domestic product data.Manufacturing output was down 1.5% month over month across a wide range of industries -- including those with high trade exposure to the United States, noted the bank. Mining, oil &amp; natural gas contracted 0.6%, while both wholesale and retail trade down.Suffice it to say, it wasn't a month to write home about for the Canadian economy, stated BMO. At the same time, the Alberta teachers' strike carved into hours worked, and pulleddown education output by 1.8% in the month.From a year ago, real output is now up just 0.4%, the slowest clip since the COVID-19 pandemic, pointed out the bank. Over the last three months, growth has swung negative again.Looking through Q4, it's going to take a &#34;very strong&#34; November and December combo to keep growth in positive territory, according to BMO.Statistics Canada noted last week that the early read on November was for a modest 0.1% month-over-month rebound.Stay tuned, but it looks like the &#34;choppy&#34; year for Canadian growth in Q4, added the bank. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

蒙特利尔银行

BMO 报告称，加拿大经济在十月份收缩了 0.3%，制造业下降了 1.5%，矿业、石油和天然气也出现下滑。阿尔伯塔省教师罢工进一步影响了教育产出。同比增长为 0.4%，是自疫情以来的最低水平。BMO 强调，十一月和十二月的强劲表现对第四季度的增长保持正向至关重要，此前十一月出现了 0.1% 的温和反弹

蒙特利尔银行称，加拿大第四季度 GDP 需要 11 月和 12 月的读数 “非常强劲” 才能维持正增长