Forward Guidance: Canadian GDP Numbers to Flag Downshift in Recovery Pace

<p>We expect the July Canadian GDP report to flag a slowing in the pace of the recovery. The release is likely to confirm Statistics Canada’s preliminary estimate that GDP rose 3% in July –a sizeable gain but smaller than the June (6.5%) and May (4.8%) increases. Even with the economy growing for a third consecutive [&#8230;]</p>
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