(Reuters) - OTTAWA, July 31 - 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.
Read more at Reuters.com Bonds News
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.
Read more at Reuters.com Bonds News
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