Step Back for Economy in August

"The unbelievable run of fantastic Canadian economic data is officially over, with growth coming back to reality in a hurry", Bank of Montreal chief economist Doug Porter wrote in a note to clients.

The Canadian economy hit reverse in August, its first monthly pullback since October previous year.

After a red-hot first half of the year, Canada's economy is cooling noticeably. Additionally, the economy grew at a 3.5% year-over-year clip, missing the 3.6% growth economists were anticipating.

Rescued Sailors Return to Land After Five-Month Ordeal
The Coast Guard says it's conducting a routine review into the case, and there is now no criminal investigation into the incident. In an October 25 interview on board the Ashland , they were asked to describe the emotions they felt after the rescue.

The agency also said that goods-producing industries contracted for the second consecutive month, declining 0.7%.

The loonie has been under pressure, falling about 7%, since shortly after the Bank of Canada surprised markets with a rate hike at its September meeting.

"The run of wonderful Canadian economic data is officially over, with growth coming back to reality in hurry", said Doug Porter, chief economist at BMO Capital Markets.

Unusual Volume Spikes For: Walgreens Boots Alliance, Inc. (WBA)
If you are viewing this news story on another site, it was stolen and reposted in violation of global trademark & copyright law. The company has experienced volume of 2,063,095 shares while on average the company has a capacity of trading 2.82M share.

For that reason, many are pushing back their calls for when the Bank of Canada will again raise interest rates.

Last week, the Bank of Canada held rates at 1.00%. The Office of the Parliamentary Budget Officer said consumer spending is set to moderate, and housing activity expected to decline on tougher mortgage-financing rules and higher mortgage rates. Manufacturing recorded the biggest decline, with chemical manufacturing especially weak, reflecting both plant maintenance and weaker export demand. Durable manufacturing fell 0.1%.

Separately, Statscan said producer prices fell 0.3 per cent in September from August as a stronger Canadian dollar cut the cost of motorized and recreational vehicles.

Star Wars Battlefront 2 loot crate system changes for launch
Epic Star Cards, which allow players to use extra abilities or weapons, will no longer be confined to loot crates. Hopefully, it will all translate when the game launches for PS4, Xbox One, and PC on November 17, 2017.

The service sector has seen a marginal growth, 0.1%. Those gains helped offset a 0.4% drop in the retail sector.

Related News:

  • One mistake caused Toon defeat, claims Benitez

    One mistake caused Toon defeat, claims Benitez

    Benitez said: "Our players will have more confidence now because we are doing well, but we are not saying, "Ooh, we have 14 points and we are fine".
    'Wrong' George Papadopoulos Mistakenly Attacked by Twitter Users

    'Wrong' George Papadopoulos Mistakenly Attacked by Twitter Users

    It is believed that Mifsud had introduced Papadopoulos to a Russian national "close to officials at the Russian foreign ministry". Court records indicate that Papadopoulos tried on several occasions to connect the Trump campaign and the Russians.
    Duterte back from 'productive, engaging' Japan trip

    Duterte back from 'productive, engaging' Japan trip

    In a joint press briefing Monday with Prime Minister Abe in Tokyo, Duterte said: "Both sides agreed to ramp up further economic activities".
  • Commuter chaos looms on Wednesday morning, as Irish Rail begins strike action

    Commuter chaos looms on Wednesday morning, as Irish Rail begins strike action

    These are scheduled for Tuesday, November 7th; Tuesday, November 14th; Thursday, November 23rd; and Friday, December 8th. The stoppage on November 14 coincides with the Republic of Ireland v Denmark World Cup qualifying play-off in Dublin.
    Kiko Alonso, Ndamukong Suh Reportedly Avoid Suspension After Actions vs. Ravens

    Kiko Alonso, Ndamukong Suh Reportedly Avoid Suspension After Actions vs. Ravens

    Alonso illegally hit Ravens quarterback Joe Flacco in the head while he was sliding, knocking him out of the game with a concussion.

    World of Final Fantasy coming to Steam next month

    Many players might be turned off initially by the art style but there is a lot more depth to this game outside of the graphics. Almost the entire main sequence starting with Final Fantasy III is available on Steam, but with some omissions.
  • How Alibaba Group Holding Limited (BABA) Is Trading Compared to Moving Averages?

    How Alibaba Group Holding Limited (BABA) Is Trading Compared to Moving Averages?

    The analysts estimated EPS for the higher end at 5.07 and lower end at 3.76 while the year ago reported earnings per share was 0. The highest price BABA stock touched in the last 12 month was $184.7 and the lowest price it hit in the same period was $86.01.
    Police responding to reports of shots fired in lower Manhattan

    Police responding to reports of shots fired in lower Manhattan

    The NYPD tweeted a person has been arrested and police have put the area on lockdown. The New York Daily News is reporting that four people have been killed.

    Mo Farah Splits With Coach Salazar

    But Farah , who will now with Paula Radcliffe's husband and former coach Gary Lough, will return to London as he admits being away from his family proved too much.
  • Summary of Analyst Ratings Tips: Union Pacific Corporation (UNP), Statoil ASA (STO)

    Summary of Analyst Ratings Tips: Union Pacific Corporation (UNP), Statoil ASA (STO)

    Horrell Capital Management holds 5.17% in Union Pacific Corporation (NYSE: UNP ) or 80,520 shares. ( UNP)'s stock declined 2.52%. These ratios show how well income is generated through operations, and are important to both creditors and investors.
    All Indians safe in Kabul, says Sushma

    All Indians safe in Kabul, says Sushma

    On Monday night, the foreign minister even retweeted an advisory issued by the Consulate General of India (CGI) in Milan . It said, "The Consulate has received reports of unfortunate incident of attacks on the Indian students in Milan ".

    Do You Own MasterCard Incorporated (NYSE:MA) Shares?

    The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CFO Martina Hundmejean sold 91,107 shares of the firm's stock in a transaction on Wednesday, August 2nd.

Most liked

Unexplained Google Docs Bug Locking Users Out Of Drafts
In a statement, Google said it was investigating. "We're investigating reports of an issue with Google Docs", a spokesman told the BBC.

Real Madrid suffers shock Girona defeat
After all, the newly-promoted side gave Barca a run for their money earlier in the season before eventually being beaten 3-0. And Ronaldo's performance contributed to Madrid falling to a shock 2-1 defeat to leave them eight points behind Barcelona .

National Hockey League notebook: Knights recall D Theodore from AHL
The Golden Knights are 3-0 in overtime, and have won all three of those games before reaching a shootout. To earn 92 points, the Golden Knights would need 76 in their final 73 games (.521 points percentage).

Needham Boosts Rating On First Solar, Inc. (FSLR) To "Buy"
The stock is now moving above its 20-Day Simple Moving Average of 25.63% with a 50-Day Simple Moving Average of 26.34 percent. Following the sale, the chief operating officer now owns 23,646 shares in the company, valued at approximately $1,175,915.58.

Victor Oladipo named NBA Eastern Conference Player of the Week
Frank Mason III scored 11 points off the bench, while Skal Labissiere and Malachi Richardson each scored 10 off the bench. It was then that the Spurs began to mount a charge, reeling off an 8-1 run to narrow their deficit to just three points.

Jennifer Lopez & Alex Rodriguez Recall First Date
Just in case you can't tell by looking at them, Jennifer Lopez and Alex Rodriguez have serious chemistry. "I nearly yelled out, 'Alex, ' but I am shyest person when it comes to things like that", she said.

Broncos "Not Sure" Who Their Starting Quarterback Will Be
Broncos coach Vance Joseph is doing the right thing by considering a change at quarterback. Lynch was a first-round pick in 2016 after a prolific career at Memphis.

Japanese company gives non-smoking staff extra six days paid leave
Speaking to newspaper he said, "As the country that introduced the smoking ban, we should encourage Irish-based companies to do the same".

Eric Bailly backs Romelu Lukaku as Manchester United prepare to face Benfica
Bailly added: "The Premier League is one of the best leagues with many good teams and we are getting good results". Playing football for a striker is not just about scoring goals.

Bigg Boss 11: Vikas Gupta threatens to reveal Shilpa Shinde's personal details
Giving an interesting turn to the nominations, Bigg Boss made jodis and asked one contestant from each pair to get nominated. Cracks have started to develop in Vikas and Priyank's friendship as they both get into an argument over the captaincy.

Former Titan Derrick Mason Arrested on Domestic Assault Charge
According to Metro Nashville Police , the woman told Mason she wanted to end her relationship with him. Former Tennessee Titan Derrick Mason has posted bond after his arrest for alleged domestic assault.

Honoured to have gate named after me: Virender Sehwag
The Delhi and District Cricket Association (DDCA) last month made a decision to name gate No.2 of the Feroz Shah Kotla ground after Sehwag.

Jose Mourinho explains his shushing gesture he made after Tottenham game
They booed the decision but Mourinho's choice was vindicated 11 minutes later with Martial's victor . "I want to play. The Argentinian added: "Football is a collective sport and you always have to adapt when someone is not fit to play".

Bharti Infratel posts 17 per cent drop in Q2 net profit
Indus had 1,23,073 mobile towers and Bharti Infratel owned 39,264 towers on standalone basis at the end of September. Bharti Infratel on Monday said it will explore acquiring additional stake in Indus Towers .

The history of Halloween
Another Halloween means another chance for the illustrators and creatives at Google to wow us with another of their famed doodles. Nicholas Rogers, a historian at York University, says that when people prayed for the dead at Hallow Mass, they dressed up.