Canada's economic rebound in the second quarter mainly reflects a bounce-back after bad winter weather dampened economic activity in the first quarter of this year and certain one-off factors that boosted agricultural and auto exports. As these temporary factors fade, economic growth is likely to drop back below its estimated potential economic growth rate of 2.0% over the second half of the year, with growth likely to be closer to 1.5% annualised.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.