Canadian economy grows more than expected, dimming chances of rate cut

One month of strong economic growth shouldn’t be seen as a pattern of sustained recovery for 2016. But when followed by three straight months of gains at the end of last year, that might tell a different story.

Canada’s gross domestic product grew by a nearly three-year high of 0.6 per cent in January, much better than the 0.3 per cent that analysts had forecast and likely enough to keep the Bank of Canada from altering its trendsetting lending rate.

Read the full article on Financial Post.