INSTANT VIEW-Canada economy slows sharply in second quarter

Newswire

TORONTO, Aug 31 (Reuters) - Canada's economic growth rate slowed more sharply than expected in the second quarter on weaker consumer spending and trade performance, fueling expectations the Bank of Canada's rate hikes will be gradual. LINKS: Story [ID:nN31202447] Web: http://www.statcan.ca/start.html COMMENTARY: CAMILLA SUTTON, CURRENCY STRATEGIST AT SCOTIA CAPITAL "This morning's GDP release (was) weaker than expected. The consumer expenditures advanced at a slower pace with ...

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