HIGHLIGHTS OF THIS WEEK!! • After Bank of Canada Governor - TopicsExpress

HIGHLIGHTS OF THIS WEEK!! • After Bank of Canada Governor Stephen Poloz gave an economic pep talk on Wednesday, U.S. Federal Reserve Chair Ben Bernanke killed the buzz by not beginning the widely expected “taper” of its asset purchases. • But, beneath the din of Fed furor, both Canadian wholesale and manufacturing sales data showed a rebound in July after weakness in June. This lends credence to our forecast for better Canadian economic growth in Q3. • Friday saw another benign reading on Canadian inflation for August. This suggests that Governor Poloz’s activities will be confined to pep talks for awhile yet, with interest rates hikes unlikely before late 2014.

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