OTTAWA (MNI) - Canada's economy is expected to begin they year on a soft
but positive note, giving back half of December's losses when Statistics Canada
releases GDP data Thursday.
Following a 0.2% drop in December, the Canadian economy is expected to rise
a modest 0.1% in January, according to analysts surveyed by MNI.
Wholesale trade is expected to do much of the heavy lifting in
service-producing industries with sales rising 0.3% in the month.
In the goods producing sector, the manufacturing sector is expected to
weigh on growth, however the mining sector is expected to offset these declines
Emanuella Enenajor, an economist at the Canadian Imperial Bank of Commerce
(CIBC), is more optimistic, expecting GDP to increase 0.2%, rebou