Trump officials predict sustained growth in the US economy
US experienced a 4.1 per cent annual growth rate in Q2 2018, but economists warn it’s unsustainable.
US factory output slides in July on tumbling auto production
Production dropped 0.1%, pulled down by a 3.5% plunge in cars, trucks and auto parts output – the sector’s third consecutive decline.
Bank of Canada does not need to move interest rate in step with US Fed
Rising expectations the US Federal Reserve will raise its key interest rate next month.
Growth strengthening in advanced economies, OECD says
Smaller government spending cuts and fewer tax increases this year should boost growth.
BoC governor Poloz sees long term rates rising
Rate increase won’t hurt the Canadian economy, however.
Fed Reserve to deliver outlook for US economy
Federal Open Market Committee is expected to continue its $85 billion monthly bond purchases.
Canadian dollar loses ground on interest rate concerns
Dollar has tumbled 1 1/2 cents US since Central Bank indicates it will be slower to raise interest rates.
Economy riding out choppy global waters: RBC
Expect the Canadian economy to turn in slightly less robust growth in 2011, thanks to a contraction in the second quarter combined with softer growth in the EU and the US, but the economy will pick up in 2012, according to RBC Economics.