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Canada’s economy surges on 4.5% GDP growth in Q2

The unemployment rate of 5.7% in December should be enough for the BoC to hike interest rates later in January, CIBC economist predicts

Canada’s economy surges on 4.5% GDP growth in Q2

Canada’s trade deficit was $3.2 billion in September, essentially unchanged from the previous month

  • By: Craig Wong
  • November 3, 2017 November 3, 2017
  • 08:45
Canada’s economy surges on 4.5% GDP growth in Q2

Combined with the 3.7% growth in Q1, the country saw its strongest six-month start to a calendar year in 15 years, StatsCan reported

Canada’s economy surges on 4.5% GDP growth in Q2

Although the unemployment rate fell to its lowest point in almost nine years, the pace of growth slowed in July

  • By: Craig Wong
  • August 4, 2017 December 14, 2017
  • 08:35
Canada’s economy surges on 4.5% GDP growth in Q2

The energy industry helped power growth in Canada’s GDP

  • By: Craig Wong
  • July 28, 2017 December 14, 2017
  • 12:15
Ontario’s new public sector pension manager comes into effect

Overall, the proportion of workers who are covered by a workplace pension is declining as well

The June number followed inflation readings of 1.3% in May and 1.6% in April, slipping further away from the Bank of Canada’s 2% target

There are signs that Canada’s economy is building momentum and the Bank of Canada could start raising interest rates on July 12

Demographic changes are impacting the retirement landscape

A rise in debt levels or wages, more favourable employment opportunities, or better health may be driving seniors to work, StatsCan reports

Canadians’ debt ratio dips but still near record high

For every $1 of disposable income, Canadians owe about $1.67 in debt