StatsCan survey finds businesses are expecting growth amid shortages and rising costs
Early indicators point to weakness in business confidence, housing market
Mortgage growth slows as housing markets cool
Inflation was main contributor; volume only up 0.2%
Much of the bond selling was seasonally driven, National Bank said
Drop in participation means unemployment unchanged from June
Goods surplus remains elevated as exports and imports rise
StatsCan estimates 4.6% Q2 growth; manufacturing and construction saw the largest declines in May
Payroll employment dipped as job vacancies remain high
A better coverage ratio in 2020 was due partly to fewer workers during the pandemic