(Adds comments, market reaction, background) By Louise Egan OTTAWA, July 31 (Reuters) - Canada's economy grew slightly less than expected in May but at a still-strong 0.3 percent pace from the previous month, setting the stage for a second interest rate hike by the Bank of Canada in September. Statistics Canada said on Tuesday that a surge in retail and wholesale trade mainly drove the growth, putting the economy on track for second-quarter annualized growth of about 3 percent. ...
Premium Content (PAID Subscription Required)
"UPDATE 2-Shoppers help Canada's economy rebound in May" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.