Economists see Bank of Canada holding on rates after surprise GDP contraction
The U.S. Labor Department also finds that wage gains are easing, a trend that may signal cooling inflation pressures
Foreign investors acquired $54.7 billion in Canadian bonds in the second quarter
Lofty post-pandemic outlays can't last, given higher debt servicing costs
Consumer spending showed a decent gain but was down from Q1
The Federal Reserve will likely welcome Tuesday's data
The downturn in spending showed up in the earnings reports of many high-profile retailers
Majority of Canadian businesses still see rising inflation as obstacle, according to a StatsCan survey
Narrowing bond spreads signal confidence in borrowers, economy
Reiterates the central bank's determination to keep its benchmark rate elevated until inflation falls to 2% target