Canada’s economy showed more signs of a recovery carried by companies instead of government stimulus, suggesting the central bank may continue raising interest rates.
Canadian retail sales fell in June by the most this year as flooding in Alberta and a Quebec construction strike disrupted spending, adding to evidence the economy shrank during the month.
The Bank of Canada will probably begin a fourth year with a 1 percent policy interest rate as the U.S. rebound fails to spark the exports and investment Governor Stephen Poloz says are needed to revive the world’s 11th largest economy.
"The November merchandise trade report was bleak."
- Benjamin Reitzes on Jan 07, 2015