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Canada Economy Surprisingly Avoiding Second-Quarter Contraction
Canada's economy appears to have eked out some growth in the second quarter and is on track to beat economist and central banker's estimates for a contraction, suggesting forecasts for severe economic damage from the trade war may be exaggerated.
Broad-based weakness dragged GDP down 0.1% in May, but preliminary June data points to a possible, if modest, rebound.
The Bank of Canada held its key interest rate steady at 2.75 per cent for the third consecutive decision on Wednesday, and ...
GDP edged down again in May as oil sands output sputtered and Canadians closed their wallets. Despite gains in manufacturing ...
The Bank of Canada held its key rate on Wednseday, but growing economic slack and a complex trade outlook are strengthening ...
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An advanced estimate showed the GDP is likely to expand by 0.1% in June, and on an annualized basis it could a post a growth of 0.1% in the second quarter, Statistics Canada said. A likely growth in ...
Gross domestic product increased at an annualized rate of 2.2% in the January-to-March period to 1.985 trillion Canadian dollars, the equivalent of $1.438 trillion, Statistics Canada said Friday.
StatCan’s early estimates for June show an expected rebound of 0.1 per cent in real GDP. The agency pointed to strength in retail and wholesale trade driving the growth, while manufacturing is ...
Higher oil prices could offer support to the CAD and may offset the rate differential, leaving USD/CAD somewhat rangebound.
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