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Canada’s Regional Economic Momentum to Continue

Virtually every province and sector of the Canadian economy has rebounded sharply, building on the momentum that first emerged in the latter half of 2009 and accelerated into 2010, according to Scotia Economics’ latest Provincial Trends report. Even with some likely moderation in growth going forward, the strong early-year performance has elevated growth rates and pushed Canada to the top of G7 economic rankings. Scotia Economics expects Canadian output growth to average 3.6 per cent this year, the strongest advance in a decade. Read more:

Home sales sputter in May

Housing sales slipped and price gains stalled in May, as Canada’s resale market sputtered after more than a year of solid gains. Read more:

Carney: don’t take rate hike for granted

Bank of Canada Governor Mark Carney cautioned investors on Wednesday not to take another interest rate hike for granted, saying volatile global conditions meant no particular path for monetary policy was preordained. Read more: