Canada’s Economy Seen Rebounding on Hospitality Sector Growthon October 1, 2021 at 2:29 pm

OTTAWA—Canada’s economy likely rebounded in August from a slight contraction in July, buoyed by growth in the hospitality industry, though a withering drought will continue to drag on the important agriculture sector, data showed on Friday. The Canadian economy contracted 0.1 percent in July, just beating analyst estimates of a decline of 0.2 percent, but likely grew by 0.7 percent in August on jumps in services and manufacturing, Statistics Canada said. The August number is a preliminary estimate. With the expected rise in August, total economic activity is about 1 percent below pre-pandemic levels, Statscan said. “The slightly smaller-than-expected setback in July and nice pop in August suggest that the economy managed to grind out some moderate growth in the summer quarter as a whole,” Doug Porter, chief economist at BMO Capital Markets, said in a note. The July decline came as a heat wave hit the agriculture sector and …

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Equity, Bond Funds See Inflows as Markets Hit Rough Patch: BOFAUS News | The Epoch Times

Fri Oct 1 , 2021
LONDON—Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough patch this week dominated by concerns about the U.S. debt ceiling and energy shortages in Europe and China, a weekly round-up by BofA showed on Friday. On […]

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