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Declines in manufacturing and mining, quarrying and oil and gas extraction more than offset gains in other sectors

  • By: Craig Wong
  • October 31, 2017 October 31, 2017
  • 17:45

Firms expect faster sales growth

Canada named along with Australia, Brazil, China and Korea as countries where the debt-service ratio has risen to high levels

Oil and gas, manufacturing sectors shrink

Several analysts are now predicting the Bank of Canada will hike its trend-setting rate Wednesday

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

The spike in gasoline prices could be short-lived

The stabilization is being driven by improved credit performance in emerging markets

Economists suggest Canada’s overall GDP was robust in the second quarter

First decline in several months