(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.