TORONTO - The Canadian economy expanded at an annualized rate of 1.7% in the first quarter, missing forecasts, and real gross domestic product likely rose 0.3% on a monthly basis in April, data showed on Friday."It's the usual jumble of mixed messages but I would say overall it mostly came down on the light side.
"That sluggish news was somewhat countered by the initial estimate for April that does suggest the economy righted the ship a bit in the spring." "While there are a lot of mixed messages here, I think overall they'll take away from this that the economy is really struggling to grow and I think at the margin it slightly increases the chances of them cutting rates next week."It has been our privilege to have the trust and support of our East Coast communities for the last 200 years. Our SaltWire team is always watching out for the place we call home.