WRAPUP 1-Canada rate hike seen despite stalled growth

Newswire

By Louise Egan OTTAWA, June 29 (Reuters) - Canada's economy appears headed for slower growth but analysts are betting that won't stop the Bank of Canada raising interest rates this summer as warnings of inflationary pressure continue to flash. Economic growth stalled unexpectedly in April, coming in flat from March due to a downturn in wholesale trade, manufacturing and oil and natural gas exploration, Statistics Canada said on Friday. Market operators had expected a 0.2 percent ...

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