Salesforce shares rallied in the extended session Tuesday after the company topped Wall Street estimates for the quarter and hiked its earnings forecast. Read More...
Reuters
Canada’s economy gains momentum in Q2, rate hikes loom
OTTAWA (Reuters) -Canada’s economy was not as robust as expected in the first quarter, but had momentum heading into the second, official data showed on Tuesday, reinforcing the likelihood of another oversized rate hike from the central bank this week. The Canadian economy grew at an annualized rate of 3.1% in the first quarter, dragged by lower export volumes, Statistics Canada said. This leaves second quarter growth tracking just below central bank forecasts, said analysts.
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