Canada's economy grew for a seventh month in a row in August, its longest stretch of expansion for more than a year, but the Bank of Canada is under little pressure to raise interest rates again next month.

Statistics Canada said that GDP in August edged up by 0.1%. The market had predicted no change from July.

The last time the country enjoyed such a long, unbroken streak of growth was during the nine months from November 2016 to July 2017.

If GDP is flat in September, annualized third-quarter growth should be about 1.8%, matching the central bank's latest forecast.

The central bank, which last week raised rates for a fifth time since July 2017, reiterated Tuesday that more hikes would be needed to handle an economy operating near full capacity, with jobless levels hovering around 40-year lows.

The bank is due to announce rate decisions in both December and January.

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