David Rosenberg: How The Loonie Is Doing The Heavy Lifting For Canada's Economy

There is a lot more to the third-quarter Canadian GDP report than meets the eye. The 2.8% annualized GDP pickup far exceeded the consensus view of 2.1% and compounded nicely off the 3.6% expansion in Q2. The Bank of Canada may need more evidence, but the economy is growing above potential, the jobless rate is in…

How the loonie is doing the heavy lifting for Canada’s economy