Canadian GDP up significantly

(Aug. 29, 2014) -- Real gross domestic product in Canada recovered strongly in the second quarter of 2014 with the economy growing at an annualized 3.1 percent rate, RBC Economics reported. In the U.S., Personal consumer expenditure (PCE) unexpectedly declined by 0.1 percent in July 2014, which was below expectations for a 0.2 percent increase.