Economics
How Fed Liftoff Could Sink the Last Bastion of Canadian Growth
Beware financial spillovers to the Great White North.
How the Fed Has Backed Themselves Into a Corner
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Policymakers at the Bank of Canada have reason to be cheerful as they sit down at their meeting starting today.
Figures released this morning show the Canadian economy grew at an annualized rate of 2.3 percent in the third quarter, bucking declines in growth in the first and second quarters of this year. The boost will come as a relief to central bankers who have been contending with a dramatic oil rout that has undercut one of two engines powering Canada's impressive stretch of economic growth since the financial crisis of 2008. Yet potential trouble is emanating some 2,000 miles south of the BoC.