Canada posts stronger-than-expected GDP rebound in Q2, easing immediate pressure on BoC to cut rates
Canada's economy expanded at an annualized 3.3% rate in the second quarter, data show, reversing an earlier weak start to the year after Statistics Canada revised first-quarter output to a 0.3% gain. The strength outpaced the Bank of Canada's roughly 2.5% forecast for the period and tempers near-term pressure for monetary easing, though officials r…