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Canada’s Trade Gap Shocker Bound to Raise Red Flag for Bank of Canada

Posted October 06, 2014

Under Economic Issues, International Trade Issues

(Gordon Isfeld – Financial Post)

Call it a blip or a seasonal anomaly, but the country’s surprise swing to a trade deficit is bound to give the Bank of Canada some pause for thought on the economy’s wavering momentum. [...]

The Bank of Canada “has been repeating concerns regarding the lack of momentum in both exports and business investment in the current expansion,” said Charles St-Arnaud, a London-based economist with Nomura Global Economics in London, who previously worked at the central bank in Ottawa. Read more here.