press gallery: Exports jumped by an annualized 12.3 per cent, the biggest quarterly gain since 2014, according to The Toronto Star. Bank of Canada Governor Stephen Poloz and Carolyn Wilkins, Senior Deputy Governor, walk to the National Press Gallery in Ottawa. Gross domestic product expanded at a 2.9 per cent annualized pace from April to June, faster than a 1.4 per cent increase in the first quarter of 2018, Statistics Canada said in a report Thursday from Ottawa. Sean Kilpatrick / THE CANADIAN PRESS Still, the numbers may be a slight disappointment as slowing investment brought growth in below analyst forecasts. Investors are betting a rate hike by October is a near certainty, with a small chance of an increase as early as next week's Bank of Canada rate meeting. It's a development that will give the Bank of Canada little reason to speed up interest-rate hikes, given the importance policy-makers have placed on the need for demand to rotate away from consumption toward business investment.
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