A weaker Canadian dollar and solid US economy will continue to drive stronger manufacturing activity.
Industrial capacity constraints in the US will help global economic growth over the next two years, an EDC report says.
January RBC PMI reading was 51.7 on a seasonally adjusted basis, down from 53.5 in December.
US unemployment rate is on track to decline to 6.5% by 2015, and job gains will be spread across most economic sectors.
Q3 will likely show more moderate growth of 2% to 2.5%: BoC’s senior deputy governor.
Businesses respond to boosted demand by rebuilding stockpiles.
After weak employment report, rate hikes are likely further away than previously thought.
Move would hinge on Canadian economic growth keeping its momentum.
Unemployment dips to 7.7%, the US economy’s lowest jobless rate in four years.
Performance of the US economy drops to 6th on list of biggest challenges for Canadian business, from #1 last year.
Exports will climb by 10 per cent: CME