Improvement in the jobless rate, positive population growth, more upbeat trends in stalled retail sales and housing sectors.
Improvement in the jobless rate, positive population growth, upbeat trends in Alberta’s stalled retail sales and housing sectors.
Ford was the volume leader with sales rising 7.1 per cent.
BMO, Bank of Nova Scotia, CIBC, National Bank of Canada, Royal Bank of Canada, TD named in the action.
Cumulative deficit is likely to be $16.5 billion higher than forecasted in the last budget over a five-year span.
Will contract 6.5% over 2015 and 2016, widely exceeding the 2.7% retreat of previous downturns.
TD forecasts third quarter growth in the 2% to 2.5% range.
Craig Alexander will become the think-tank’s vice-president for economic analysis in September.
The latest numbers form Statistics Canada suggest the economy sprang back to life in Q3 with a 3.5% gain in GDP, but there is troubling news buried in the stats.
Canada’s economy and jobs performance could become a victim of US politics, analysts say.
Operating profits for Canadian corporations continued to grow in the first three months of this year, but at a slower pace than in recent quarters, as the economic recovery loses momentum.