StatsCan reports real GDP fell at an annualized rate of 1.6% in Q2.
Growth rooted by solid consumer spending, stronger exports and stimulus from the federal government.
Meanwhile, Canada’s terms of trade sunk for the fifth consecutive quarter to reach its lowest level since late 2003.
Economic think-tank isn’t optimistic about GDP, which won’t get back to 2014 levels for at least two years.
Factory sales fall, but volumes led by auto sector see slight gains.
Conference Board forecasts overall mining output will grow by 91%, or 7.5% annually, until 2020.