OTTAWA — The Canadian economy was showing more cracks in August, but most economists weighing in on the latest data say they don't think the Bank of Canada will respond with more rate cuts anytime soon.

Real gross domestic product declined 0.3 per cent in August and early signs suggest the economy barely managed any growth in the third quarter, Statistics Canada said Friday.

Goods-producing industries were down in August for the fifth time this year while the services side contracted for the first time in six months, StatCan said.

The agency said August’s decline mostly offsets a gain of 0.3 per cent in real GDP for July, which was revised a tick higher from earlier estimates. StatCan had initially expected flat growth for August.

A work stoppage among Air Canada flight attendants hamp

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