Why the hike and what it means
The Canadian economy had another month of solid growth in April
GDP is now forecasted to be 4.2% in Q3, up from 3.8%
But protectionism is considered biggest challenge
Factors beyond timing must be considered
American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that U.S. industrial production at factories, mines and utilities shot up 1% in April from March, the biggest gain since February 2014. Factory production rose 1% […]
But consumer growth is expected to rebound in the current quarter
Canadian economic growth took a pause in February, but there's more to the story.
Canada and the U.S. weren't the only countries to release growth data today.
Excluding motor vehicles and parts, sales drop only 0.1%.