Advertisement
Canada markets open in 1 hour 27 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7323
    +0.0000 (+0.00%)
     

  • CRUDE OIL

    84.11
    +0.54 (+0.65%)
     

  • Bitcoin CAD

    87,619.67
    +520.47 (+0.60%)
     

  • CMC Crypto 200

    1,385.02
    -11.52 (-0.83%)
     

  • GOLD FUTURES

    2,355.60
    +13.10 (+0.56%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,748.50
    +181.00 (+1.03%)
     

  • VOLATILITY

    15.60
    +0.23 (+1.50%)
     

  • FTSE

    8,116.44
    +37.58 (+0.47%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6830
    +0.0009 (+0.13%)
     

Bank of Canada's Patterson: Canada is rebounding

Reuters
A woman walks past the Bank of Canada office in Ottawa, Canada July 16, 2015. REUTERS/Chris Wattie (Reuters)

OTTAWA (Reuters) - Canada's economy is rebounding following a modest contraction in the first half of the year, boosted by non-energy exports and investment, which will help growth to 2-1/2 percent in 2017, Bank of Canada Deputy Governor Lynn Patterson said on Tuesday. Patterson said Canada was adjusting to the decline in oil and commodity prices with lower borrowing rates and a lower Canadian dollar, and reiterated the growth forecast given by the bank in October. (Reporting by Leah Schnurr; Editing by Chris Reese)