Summary
"Canadian shoppers have to get most of the credit ...," said CIBC World Markets economist Avery Shenfeld, noting the 1.3-per-cent rebound in retail sales during the month.
"Over the past year, retailing's real GDP gain of 5.9 per cent makes it the economy's fastest growing sector, testament to the economic lift from an economy reaching record levels of employment ...," Shenfeld said."While growth has lost a bit of momentum since its show of strength in the first half of the year, it's still grinding forward at a respectable pace," said BMO Capital Markets economist Douglas Porter. "In some ways, the recent underlying trend ... is an ideal growth rate from the Bank of Canada's perspective, and they are likely to be content on the sidelines as long as growth stays around that rate."See the full content of this document
Extract
Loonie Hits 50-Year High of Us $1.0585
Analysts, investors feel better about Canadian economic outlook
By Eric BeauchesneOTTAWA -- Not since cars had fins has the Canadian dollar flown so high.The lo...See the full content of this document
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