Lower growth prospects expected to reinforce Poloz’s strategy of moving very gradually on increases to overnight rate.
Trade disputes are taking a toll.
China is Japan’s biggest trade partner.
Los Angeles location will host workshops, talks and offer merchant support.
USMCA provision may have been attempt by US to single out China.
Manufacturing shows gains, oil and gas sector led the way with a 2.5% increase.
But the proliferation trade conflicts has raised the risk of worse outcomes.
It also reduced its forecast for the 19-country eurozone.
Economy grew at annualized pace of 1.3 per cent in Q1 2018, compared to 1.7 per cent in Q4 2017.
Growth in the fourth quarter was driven by a 2.3% increase in business investment.
Sector gained 1.8%, the largest monthly increase since February 2014.
PLANT Manufacturers’ Outlook 2018 study shows they’re expecting business to be good, will invest in growth.
Also forecasting solid growth of 3% in 2019 and 2.9% in 2020 after 3% expansion in 2017
Largest drivers of growth were the natural gas, liquids and utility assets acquired in its Spectra Energy takeover.
Loonie jumps more than a cent to over 82 cents US, up 14% from a low of roughly 73 cents in April.