The Bank of Canada governor believes the country’s economy may be in a place where it can run at a faster pace without triggering inflation pressure.
The International Monetary Fund is now estimating Canada’s gross domestic product for 2017 will be 3.0 per cent — half a percentage point higher than its July estimate.
The government’s monthly jobs report, released Friday morning, offers the first glimpse at how workers and companies are faring in the aftermath of the storms.
September's unemployment rate stayed at a nine-year low of 6.2 per cent after country added 10,000 net new jobs, including 112,000 full-time positions.
Imports held steady from July to August at $47 billion, according to Statistics Canada, while exports fell 1 per cent to $43.6 billion.
The Ottawa-based agency says gross domestic product was essentially unchanged, at 0 per cent growth in July compared with June.
Poloz is seeking to bring interest rates back to more normal levels while not harming the fledgling economic recovery.
Union looks to NAFTA renegotiations as chance to level playing field skewed in favour of low-cost Mexico.
Under NAFTA, at least 62.5 per cent of a vehicle’s content must be made in North America to qualify for duty-free access between the U.S., Canada and Mexico.
Canada’s inflation rate continues to pick up its pace hitting 1.4 per cent in August — up from 1.2 per cent in July.
Growth is forecast to slow to 2 per cent in 2018 in part due to slower consumer spending.
The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2 per cent this year.
Statistics Canada says sales fell in nine of 21 industries, representing 57 per cent of the manufacturing sector.
‘Irreverent reverence’ is the key to great adaptations, writes Ravi Jain, who dared to revise Hamlet, The Cherry Orchard and David French’s Salt-Water Moon.
