Quotes from BMO Capital Markets:
-The Canadian economy is off to a surprisingly strong start to Q4 with the good handoff from September providing a nice additional boost.
-While growth will likely decelerate in the final two months of 2014, it looks as though Q4 GDP growth is going to be around 2.5% annualized unless November and December weaken materially.
-However, 2015 will likely be much more challenging as the drop in oil prices starts to bite. Indeed, GDP growth looks to decelerate to a sub-2% pace in 2015H1, the weakest since 2012.
The material has been provided by InstaForex Company – www.instaforex.com