Popular News From Popular Sites: Canadian economy stalls in July, breaks six-month growth streak

Tuesday, September 30, 2014

Canadian economy stalls in July, breaks six-month growth streak

Construction workers works on building new homes in Calgary, Alberta OTTAWA (Reuters) - Canada's economy did not expand in July, breaking a six-month streak of consecutive gains, Statistics Canada data indicated on Tuesday, ensuring the third quarter started sluggishly. Statscan said real gross domestic product was unchanged from June. Market analysts expected a 0.2 percent advance. The data will put little pressure on the Bank of Canada to raise interest rates. The central bank, which has kept its key rate at a near-record low for four years, said there was no chance of a hike until it sees signs of a sustained recovery. Manufacturing output grew by 1. ...




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