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Canada's 4.5% GDP growth means higher interest rates are ever more likely
A few more things stand out. Non-residential business investment grew for the third time in four quarters, after declining for seven consecutive quarters starting at the end of 2014. And the household saving rate rose to 4.6 percent from 4.3 percent in the first quarter, as disposable income grew slightly faster than spending. That’s a drag on growth, but a welcome one if it means households have begun doing something about record levels of debt.
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