September 30, 2013
Canada’s Economic Boost
July was an encouraging month for Canada’s economy, in fact one of the best we’ve had in years, advancing 0.6 percent. This came after the particularly sluggish month of June, which was attributed to a construction strike in Quebec and flooding in Alberta.
The July increase was better than expected and sets up the economy for a strong third quarter.
While we see encouraging results in our economy, the United States face the grim prospect of a partial government shutdown which could have significant consequences on their economy, and possibly influence ours.
Multiple economic sectors experienced growth during July, including goods productions, service industries and wholesale and retail trade. The public sector remained unchanged.