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
Sales fell 1.8% in June
Although the unemployment rate fell to its lowest point in almost nine years, the pace of growth slowed in July
The energy industry helped power growth in Canada’s GDP
The improvement from 1.2% annual growth in Q1 was powered by a robust recovery in consumer spending after a winter slowdown
Canada’s Big Five banks all announced they were increasing their prime lending rates by 25 basis points effective on Thursday