Canadian economic growth 'gangbusters' in second quarter thanks to consumers
01:57, Sep 1, 2017
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"This is a strong performance from the Canadian economy, not just in the second quarter but in the entire first half of the year".
Gross domestic product, a broad measure of the goods and services produced across the US, rose at a seasonally and inflation-adjusted annual rate of 3% in the second quarter, the Commerce Department said Wednesday.
The second-quarter result likely cements the likelihood of at least one more rate increase from the Bank of Canada in 2017.
Investment by businesses also improved to growth of 6.9 percent, reflecting higher spending on structures, equipment and intellectual property.
Zandi is forecasting that growth in 2018 will be an even stronger 2.8 percent.
Trump promised 4% growth on the campaign trail, but his administration has since set a goal of 3%.
Advertisment Canada's economy is expanding at its fastest annualized rate in six years. In addition, the u.s. president still has not managed to enact a law in the economic field, due to political deadlock in Congress. Increasing household income on the back of healthy job gains aided in underpinning growth, and was enough to bring the household savings rate slightly to 4.6 percent from first quarter's 4.3 percent.
"There's still fuel in the consumer's tank", said Donald, who credited robust economic fundamentals like job and wage growth for spending's resilience.
Figures released Thursday morning by Statistics Canada showed this country's gross domestic product grew by 1.1% between March and June, an improvement from the 0.9% growth seen in the previous three-month period.
During last year's campaign, Trump pledged to boost economic growth to 4 percent or better.
Wednesday's report included the government's first estimate for profits at USA corporations during the second quarter.
The quarterly GDP growth rate was above 3% eight times during President Barack Obama's eight years in office.
In terms of Q3 growth, CIBC still calls for expansion of closer to 2%, "with export and inventories among the categories likely to weigh on that quarter's pace, and housing turnover remaining slower than it had been earlier in this cycle".
Economists are not looking for Hurricane Harvey to make much of an impact on economic growth, believing that a spike in the cost of gasoline and other energy prices will be short-lived as refineries along the Texas Gulf Coast resume operations quickly.
GDP grew 0.3% in June alone, with 14 of 20 industries seeing gains. Most are betting on an October hike, with the likelihood at 86.8 percent, up from 72.4 percent.
"Overall the USA economy and labor market remain in good shape, and will easily withstand any temporary drag from Harvey", Gus Faucher, chief economist at PNC Financial, wrote in a report on Wednesday.
Israeli Prime Minister Benjamin Netanyahu declared on Monday that Iran is building sites in Syria and Lebanon to build missiles. On Wednesday, Guterres, who met with Netanyahu on Monday, is expected to visit the Israeli-blockaded, Hamas-run Gaza Strip.
A slow northward motion is expected tonight and Monday , followed by a faster northeastward motion Monday night and Tuesday . The Tropical Storm Watch is in effect from South Santee River, South Carolina to Duck, North Carolina.
The news gets even better, all three cars will be free when the game launches on the Switch this holiday season. Developer Psyonix has unveiled a Mario NSR vehicle for the Orange Team and Luigi NSR auto for the Blue Team.
You'll need to Root and Install TWRP Custom Recovery in-order to Install the Android 8.0 Oreo Rom on Nexus 6 (Shamu). Provided Oreo is new and PiP is still being worked on, we should all remain patient while developers work on bugs.
The five occupants of the Audi A3 jumped out and went on a stabbing spree, killing a woman, before they were shot dead by police. People also carried red, white and yellow roses to signify the colors of Barcelona , the second-largest city in Spain .
Like most technology companies, DreamHost receives numerous requests for information from law enforcement each year. A warrant from the Department of Justice (DOJ) is seeking to reveal every person who visited an anti-Trump website .
The Antelope Valley and other inland valleys are expected to face the worst heat this week, with triple-digit temperatures. The Weather Service cautions that elderly, youth, and those without air conditioning will be vulnerable to the heat.
They previously brought those apps to Apple's App Store, which Iranians accessed and used to download the programs. Another popular Iranian app that was recently pulled down was DelionFoods, an online food delivery service company.
Ninety-eight per cent of students gained five A*-C grades including English and maths , while 41 per cent gained five A*-A grades. The results revealed that 49% of pupils achieved an A*-A or equivalent with 99% achieving at least one A*-C or equivalent.
Interestingly, while Apple's existing phones have squared-off corners, the iPhone 8's display reportedly has rounded corners. Apple is expected to provide more details about its features and release date at the September 12 product launch event.
The company also said certain Whole Foods products will be available through Amazon .com, AmazonFresh, Prime Pantry and Prime Now. Shares of Kroger, which was rumored late a year ago to be considering its own takeover of Whole Foods, fell more than 8 percent .
The junta has tried to quash all dissent, outlawing political gatherings and locking up critics and opposition politicians. The 50-year-old politician was last seen Wednesday when she visited several temples to make merits and pray for good luck.
Halep still can't solve Sharapova after loss
She will wear a dress covered in Swarovski crystals and designed by French brand Givenchy's Riccardo Tisci on court. Open was finally underway. "Some balls were really good and I couldn't even touch them", she indicated.
Olympic 5000m finalist David Torrence found dead at 31
David Torrence , a 31-year-old Olympic runner, was found dead Monday morning in a swimming pool in Scottsdale, Ariz. No one was more dedicated to their running than @David_Torrence . "He got 100% out of himself every day".
England's Moeen Ali glad to make West Indies 'suffer'
This match alone will not save Test cricket from declining interest and its struggle for position against cricket's other formats. I'm extremely proud of these two guys, they worked very hard and it's paying off.
Xbox One X Pre-Orders Sell Out In Record Time
Among the lineup of Japanese titles coming to Xbox One is Code Vein, Dynasty Warriors 9 and Sword Art Online: Fatal Bullet. At least with the Xbox One X you don't have to worry about any of that stuff, but you are getting similar performance.
Google's Next Version of Android Dubbed 'Oreo'
The update version 1.11.617.3 was released for the smartphone according to the official change log posted by HTC on its website. This means that companies can start customising the Android 8.0 Oreo in accordance with their device's UI styling.
Floyd Mayweather to face Mcgregor in biggest boxing fight
So sure is Irish bookmaker Paddy Power of the outcome of Saturday's fight that they have already paid out on a Mayweather victory. Smaller bets are going on McGregor with UFC fans backing up their loyalty with their wallets. "Las Vegas is ours now".
Exclusives Coming to Rocket League on Switch
The news gets even better, all three cars will be free when the game launches on the Switch this holiday season. Rocket league is soon coming to your console , as revealed on this year's E3 and it's going to be a huge one.
Google and Walmart join forces to do battle with Amazon
Google and Walmart have teamed up in a deal that will enable consumers to shop online using voice recognition software. And they have also removed the membership requirement that they've had since its launch a few years back.
Meet baby Eclipse, born on a most heavenly day
Most of the parents said they were going to save pictures and newspaper clippings of the eclipse for their babies' scrapbooks. A SC mother has named her baby girl Eclipse after giving birth just hours before the once-in-a-lifetime solar event.