UPDATE 2-Canada July GDP jumps, makes rate rise more likely

Newswire

(Adds comments on central bank, market, paragraphs 4-5, 8) By Randall Palmer OTTAWA, Sept 30 (Reuters) - The Canadian economy powered ahead in July, and analysts said strong growth into the start of the third quarter was likely to increase pressure on the Bank of Canada to keep pushing interest rates up. In its latest update, released on Monday, Statistics Canada said gross domestic product rose 0.4 percent in July, helped up by a 1.5 percent climb in industrial production -- a sector ...

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