Friday's data revealed that the Canadian economy accelerated at the fastest pace in nearly three-years in Q2. The usual culprits supported the annualized +3.1% gain between April and June: exports, consumer spending and business investments (an area that Canada is falling well behind in to its largest trading partner, the US). This was in stark contrast to the downwardly revised +0.9% advance print in Q1. Canada's Q2 gain continues to lag that of the US's where GDP rebounded aggressively, posting +4.2% annualized after contracting in Q1. Will the BoC be happy? The mix should please, but not necessarily, impress ... (full story)