The rating outlook trend in developed markets has turned positive based largely on country-specific developments
Speculation about an interest rate hike comes amid a flurry of strong economic news this year
There are signs that Canada’s economy is building momentum and the Bank of Canada could start raising interest rates on July 12
The bank’s most recent quarterly survey of Canadian firms finds that corporate expectations are all above historical averages
The growth came as service-producing industries increased by 0.3%, helped by widespread gains
Business investment remains weak, IMF says
Gains in service-producing industries were offset by declines in goods-producing industries
Sales in the motor vehicle assembly and petroleum and coal product manufacturing industries declined
Although the bulk of those new jobs were full-time, they were to self-employed positions, which tend to be more precarious
The decline was mainly the result of a drop in plans for single-family dwellings and institutional structures