Economists predict inflation will move well above the Bank of Canada's 2 - per - cent target in the coming months, while growth should also return to an above 2 - per -
cent pace after a recent slump.
Not exact matches
A report from the Labor Department showed hourly worker compensation accelerated at a 3.4 per
cent rate in the first quarter
after rising at a 2.4 per
cent pace in the October - December period.
U.S. economic growth cooled in the first quarter to an annualized
pace of 2.3 per
cent after averaging higher than 3 per
cent in the previous three quarters.
Inflation quickened to 4.1 per
cent in December, the fastest
pace in two years,
after Haiyan struck in November 2013.
After a slowdown that began in the second half of last year, most economists are anticipating growth will return to an above 2 - per
cent pace in coming months and continue to put pressure on Bank of Canada Governor Stephen Poloz to raise interest rates.
After a bruising two years, the domestic pharmaceutical sector is set for a sharp turnaround in the new fiscal year with a 20 - 22 per
cent growth in operating profit — the fastest
pace since 2014, while revenue may grow at 9 - 11 per
cent, according to a report.