U.S. GDP estimate revised upward

(Aug. 29, 2012) -- "Early indicators, including a 0.8 percent jump in retail sales and strengthening in employment growth in July, bode well for consumer spending to grow at a slightly stronger pace in the third quarter of 2012," said Janzen. "As well, despite a moderation in orders growth in recent months, business capital shipments have remained resilient, which is in line with our expectation that business investment will continue to grow. "