Breadth of expansion encouraging, economist says
The Bank of Canada’s business outlook survey results come ahead of the central bank’s next interest rate decision set for Jan. 9
Growth in household spending slowed to 0.3% in the quarter
Growth in oil and gas and finance and insurance offset declines in other sectors
Overall business sentiment in Canada was running at near-record levels in late summer
The underground economy grew notably faster than the overall economy
12 of 20 sectors gained ground as the manufacturing sector grew 1.2%
GDP rocketed to an annualized pace of 2.9%
The pieces are in place for another Bank of Canada policy interest rate hike this fall, economist says
Canada added 82,000 of the less desirable part-time positions in July while losing 28,000 full-time jobs