Canada's second-half showing likely to disappoint

Following disruptions to energy output in the second half of last year, Canada's economy rebounded over the first half of this year, posting GDP growth of 2.2% and 1.7% annualised in the first and second quarters respectively. But with only modest impetus from exports and business investment and a housing correction still unfolding, the economy is likely to underperform its potential 2% growth rate over the second half of this year.