The energy sector recovery boosted the Canadian economy in
May, giving the nation the fastest level of growth since October
2000, according to a new report by The Canadian Press. Statistics
Canada had predicted a jump in real gross domestic product by 0.2
percent in May, but the economy grew by 0.6 percent instead. The
high growth rate ups the chances that the Bank of Canada will
increase interest rates in September. The Bank of Canada increased
the principal interest rate to 0.75 percent earlier this month. The
jump represented the first such…
May, giving the nation the fastest level of growth since October
2000, according to a new report by The Canadian Press. Statistics
Canada had predicted a jump in real gross domestic product by 0.2
percent in May, but the economy grew by 0.6 percent instead. The
high growth rate ups the chances that the Bank of Canada will
increase interest rates in September. The Bank of Canada increased
the principal interest rate to 0.75 percent earlier this month. The
jump represented the first such…
The energy sector recovery boosted the Canadian economy in
May, giving the nation the fastest level of growth since October
2000, according to a new report by The Canadian Press. Statistics
Canada had predicted a jump in real gross domestic product by 0.2
percent in May, but the economy grew by 0.6 percent instead. The
high growth rate ups the chances that the Bank of Canada will
increase interest rates in September. The Bank of Canada increased
the principal interest rate to 0.75 percent earlier this month. The
jump represented the first such…
May, giving the nation the fastest level of growth since October
2000, according to a new report by The Canadian Press. Statistics
Canada had predicted a jump in real gross domestic product by 0.2
percent in May, but the economy grew by 0.6 percent instead. The
high growth rate ups the chances that the Bank of Canada will
increase interest rates in September. The Bank of Canada increased
the principal interest rate to 0.75 percent earlier this month. The
jump represented the first such…