Firm Creation Measure Favored by Poloz Slips in Second Quarter
- Bank of Canada deputy highlighted the data in speech Tuesday
- Deputy Leduc called figures a signal of economic transition
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The number of companies operating in Canada, a measure central bank officials use to judge the expansion following an oil shock, slipped in the second quarter.
There were 1.12 million private businesses operating in the April to June period, down 0.2 percent from the first quarter, Statistics Canada reported Friday. The total had increased in the previous two quarters. From a year earlier, the population of businesses rose 0.6 percent.