By Courtney Tower

OTTAWA (MNI) - Canadians are out of step with the rest of the industrialized world, confidently buying new motor vehicles when sales in the United States and many other countries are falling.

By Courtney Tower

OTTAWA (MNI) - Canadians are out of step with the rest of the industrialized world, confidently buying new motor vehicles when sales in the United States and many other countries are falling.

By Courtney Tower

OTTAWA (MNI) - Canadians are out of step with the rest of the industrialized world, confidently buying new motor vehicles when sales in the United States and many other countries are falling.

By Courtney Tower

OTTAWA (MNI) - Canadians are out of step with the rest of the industrialized world, confidently buying new motor vehicles when sales in the United States and many other countries are falling.

By Courtney Tower

OTTAWA (MNI) - Canada's economy continued to grow in June, but slowly, producing a second quarter annualized growth of 2.0%, below market expectations of 2.5%, Statistics Canada reported Tuesday.

By Courtney Tower

OTTTAWA (MNI) - Canadian consumers bought more retail goods in June but prices were down, so that overall sales edged up a slight 0.1% largely on a 2.1% rise at motor wehicle and parts dealers. Excluding these dealers, retail sales in Canada dropped 0.5% to C$28.15 million from $28.28 million in May.

The Statistics Canada report Tuesday on retail sales was below the total 0.3% sales increase for June and the 0.1% rise excluding autos that had been expected by a consensus of analysts.

By Courtney Tower

OTTAWA (MNI) - Annual inflation in Canada rose sharply in July, to 1.8% from 1.0% in June, but up to 0.7% of the increase was due to consumption tax changes in three provinces. Core inflation, which ignores indirect taxes, was not affected and declined to an annual rate of 1.6% from 1.7% in June.

By Courtney Tower

OTTAWA (MNI) - Stricter new international rules for banking will substantially help rather than hinder national economies despite their higher costs, the Bank of Canada said today after extensive calculations of likely outcomes.