Factory sales rose by a better-than-expected 2.6%, sparking speculation that third-quarter economic growth may be stronger than anticipated.
In other news this week:
- Canadian sales of existing homes increased 1.2% in October from the previous month. The economy of the European Union grew by just 0.2% in the third quarter over previous three months.
- Foreign investors bought a record $16.2 billion of Canadian "safe haven" money market securities in the third quarter.
- The world's central banks made their largest purchases of gold in decades in the third quarter.
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