Manufacturing shows gains, oil and gas sector led the way with a 2.5% increase.
Poloz says economy’s unable to continue running at full tilt without the power of lower rates.
Growth in the fourth quarter was driven by a 2.3% increase in business investment.
Soctiabank projects the country would still see modest economic growth of 2.3% on the year
Sector gained 1.8%, the largest monthly increase since February 2014.
Also forecasting solid growth of 3% in 2019 and 2.9% in 2020 after 3% expansion in 2017
Private and international investors have lost confidence; not a competitive place to do business.
The two-month lull in activity reinforces the point that the frothy growth of the past year is done.
Recent pace of growth over the last year won’t be sustained going forward: RBC
Investors are losing confidence in Canada as a competitive place to do business.
Exports in goods and services rose 2.3%, while the export of energy products increased 9.2%.
GDP grew at an annual rate of 3% in the April-June quarter, its best showing since a 3.2% gain in Q1 of 2015.
Macdonald-Laurier Institute warns servicing debt adds to the risk that imperils growth.
Will benefit from improved commodity prices and a stronger outlook for the US.
Exceeds economists’ initial forecast of a 0.3% gain for the month.