Scotiabank, RBC say their decision to cancel existing relationships with marijuana-related business are the result of risk management procedures.
Coincides with the suspension of oil sands production because of Alberta wildfires.
But purchasing managers reported growth of new orders slowed in May.
Growth rooted by solid consumer spending, stronger exports and stimulus from the federal government.
Canadian forecast is 2.2% GDP with surging exports and less investment cuts in energy sector
Weaker global conditions and ongoing spending cuts in the energy sector to blame.
…despite ongoing weakness in Canada’s energy sector.
Ontario shows the strongest improvement of four regions.
Alberta-BC region still weak, but Ontario benefits from rising exports.
Weaker energy investment, drop in oil prices cuts OECD GDP forecast to 1.5%.
Supply Chain Management Association cites a low Canadian dollar.
February manufacturing reading the lowest in four years.
Will be retesting energy-related loans at $45 a barrel.
Manufacturing conditions continued to improve, but at a slower pace as output and new orders rise at weaker rates.
Report warns struggling oil prices could stymie business investment in the important oil and gas sector.