A rebound in the energy sector, driven by improved oil prices, spearheaded the recovery.
There are other factors complicating the interest-rate outlook since the central bank last raised interest rates on May 30
Canada’s economy grew at an annualized pace of 1.3% for the first three months of the year
Business leaders keen to adapt to technological advancements that are disrupting many industries
The unemployment rate remained at 5.8% as the economy posted a net loss of 1,100 jobs during the month
The pace of hiring has yet to be disrupted by dramatic global market swings, a recent pickup in inflation or the risk that the could provoke a trade war
The mining and oil and gas extraction sector gained 2.4% for the month
The rise came after two consecutive monthly declines
Canada is now a less competitive place to invest and do business compared to a year ago, senior executives say
Some companies see moderation ahead