Winnipeg Free Press - PRINT EDITION
Even more good news for Canada's economy
OTTAWA -- The economy is showing unmistakable signs of having recovered from a year-long recession, economists said Wednesday, citing a string of surprisingly strong growth indicators across a wide spectrum of activity.
The biggest surprise came with Wednesday's release of July factory shipments, the Achilles heel of the Canadian economy. They showed a robust one-month 5.5-per-cent pop in manufacturing sales, more than double the consensus forecast. And the Conference Board of Canada reported new online job postings also rose in August, signalling the employment slide was at least close to bottom. The new figures follow Tuesday's shocking 2.7 per cent increase in U.S. consumer spending that augers more good news for Canadian exports of autos and other manufactured goods. There were additional signals this week that home sales remain strong and auto sales continue to recover.
"This is very good news," said economist Sal Guatieri of BMO Capital Markets.
"The global economy is on an upswing. We are seeing a faster than expected recovery, not just in Canada but in the U.S. as well."
-- The Canadian Press
Republished from the Winnipeg Free Press print edition September 17, 2009 B5
-
WFP Hockey
Download our new hockey app for the iPhone for Winnipeg Jets updates
-
Editor's Bulletin
Sign up for daily bulletins from editor Margo Goodhand
-
Winnipeg Jets
All things NHL on our Jets landing page
-
Twitter
Follow our reporters and our news feeds on Twitter
-
News Cafe
Check out the menu, read our blog posts or get info on coming events
-
Facebook Fanpage
Follow our Facebook Fanpage for story links, contests and special events
Ads by Google
- Back to Top
- Return to Business
Poll
Most Popular
- Piers Morgan blasts 'gruesome' Madonna
- Two Mounties shot and wounded in rural area southeast of Edmonton
- Jets defeat Leafs 2-1
- Province rules out reports of cougar in Transcona
- Slain woman appears before jury on video
- Should the federal government be spending $7.5 million on the Queen’s Diamond Jubilee?
- LeAnn Rimes in pain following 'minor surgery'
- Man found dead in Mounties shooting case; search on for suspect
- Madonna 'not impressed' over M.I.A Super Bowl finger
- City family donates $1 million for endowed research chair in cardiology
- Clothing chain pulls Caterpillar boots to protest closure of London, Ont., plant
- Piers Morgan blasts 'gruesome' Madonna
- Three winning tickets sold for Friday's $50 million Lotto Max jackpot
- Woman sexually assaulted during noon-hour in Exchange District
- Woman's car stolen at gunpoint at St. Vital mall, police say
- 'This is so silly': Mom and Dad tell story of baby Zade, born on side of Highway 59
- Stobbe said slaying during shopping trip 'strange': sister-in-law
- Eleven people killed after truck hits van in southwestern Ontario
- Tactical squad storms St. Vital house
- Restaurant Dubrovnik may be closed for good
- Do you smoke marijuana?
- Driver dead after SUV goes over Disraeli Bridge
- George Clooney's prank could end Pitt's career
- Clothing chain pulls Caterpillar boots to protest closure of London, Ont., plant
- Minor earthquake strikes near Manitoba
- Tina Maze strips down to her sports bra to send out underwear message: 'Not your business'
- Group's speed-limit sign removed from Pembina Highway
- Car's plunge off Disraeli fatal
- Two children, two women die in fire
- Kate Beckinsale's weight fears over Underworld catsuit
- Harper driven by libertarian ideology, not reality
- Province rules out reports of cougar in Transcona
- Census 2011 : Immigrant influx boosts Manitoban population
- Trapped bear commits vehicular mauling, also manages to open garage door
- Power outage over
- Two Mounties shot and wounded in rural area southeast of Edmonton
- Winnipeg software company ranked top employer
- Stobbe said slaying during shopping trip 'strange': sister-in-law
- RIM up against 'bring your own device' trend in workplace where it dominated
- Insidious disease killing city trees
- Swedish bunny's sheep herding skills becomes click-monster on YouTube
- League encourages hazing secrecy
- Minor earthquake strikes near Manitoba
- Northern fishing lodge destroyed by fire
- Police target drivers talking on cellphones, texting
- Obama torn by conflicting allies
- 'This is so silly': Mom and Dad tell story of baby Zade, born on side of Highway 59
- Time, it appears, is on Assad's side
- Woman's car stolen at gunpoint at St. Vital mall, police say
- Bridging the gap between suburbs
- Minor earthquake strikes near Manitoba
- Paddler Starkell was modern-day voyageur
- Driver dead after SUV goes over Disraeli Bridge
- Car's plunge off Disraeli fatal
- Local shooting spoofed on SNL
- Winnipeg mother watches as car stolen with child inside
- Canadian woman 'badly injured' in Mexico, local media report apparent beating
- Swedish bunny's sheep herding skills becomes click-monster on YouTube
- League encourages hazing secrecy
- 4 dead in northern Ontario plane crash
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010; View the changes. New to commenting? Check out our Frequently Asked Questions.