"There's a chance of another small rate cut or two if GDP and the labour market weaken more than expected," say economists Photo by Justin Tang/The Canadian Press/Postmedia files

Canada’s economy is on track to grow very slowly, adding to doubts about whether the Bank of Canada has cut interest rates enough, economists say.

Statistics Canada said Friday August gross domestic product contracted 0.3 per cent month over month, missing estimates for flat growth. The data agency forecasted growth of 0.1 per cent in September in an advanced estimate, putting GDP on track to expand 0.4 per cent annualized in the third quarter.

That will undershoot the Bank of Canada’s forecast for third quarter GDP of 0.5 per cent and some economists worry that the central bank’s forecast for one per

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