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Canadians can bank on low interest rate environment for years to come: Poloz

OTTAWA - Canadians can expect to enjoy relatively cheap borrowing costs for some time to come — perhaps years — even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, bank governor Stephen Poloz said Thursday. The central banker told a luncheon in Saskatoon that the economy has room to grow before it can be considered to be firing on all cylinders, but even when it does — likely sometime in early 2016 — Canadians shouldn't expect a sudden increase in interest rates to fight inflation.

In good sign for jobs, industrial companies finally see growth in spending on big-ticket items

NEW YORK, N.Y. - Big companies are finally starting to spend money, and that could mean a better economy and more jobs. Industrial companies such as General Electric, Honeywell and Caterpillar make expensive equipment that other companies need to buy to grow their business. They've been posting strong financial results in recent weeks and telling investors that orders are strong. That's a sign to economists that businesses are confident enough to invest and hire because they see an economy strong enough to support growth.

Spain shows fastest growth in six years: central bank

Spain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said Thursday. The eurozone's fourth-largest economy expanded by 0.4 percent on a quarterly basis in the first three months of this year, the sharpest increase in six years, the Bank of Spain said in a report, citing initial data.

Strong durable goods orders buoy growth outlook

By Lucia Mutikani WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in March and a measure of business capital spending plans surged, bolstering views of an acceleration in growth in the second quarter. The Commerce Department said on Thursday durable goods orders increased 2.6 percent as demand rose across all categories. Durable goods, which range from toasters to aircraft and are meant to last three years and more, increased 2.1 percent in February.

Further evidence of Spanish recovery emerges as central bank says economy grew 0.4 pct in Q1

MADRID - The recovery in the Spanish economy appears to be gathering steam. Figures Thursday from the Bank of Spain show that economic growth doubled in the first quarter to a quarterly rate of 0.4 per cent from the previous three-month period largely on the back of a pick-up in domestic demand. Overall for 2014, the bank is estimating growth of 1.2 per cent. Year-on-year, the Spanish economy grew by 0.5 per cent, ending nine quarters of negative figures.

Further evidence of Spanish recovery emerges as central bank says economy grew 0.4 pct in Q1

MADRID - The recovery in the Spanish economy appears to be gathering steam. Figures Thursday from the Bank of Spain show that economic growth doubled in the first quarter to a quarterly rate of 0.4 per cent from the previous three-month period largely on the back of a pick-up in domestic demand. Overall for 2014, the bank is estimating growth of 1.2 per cent. Year-on-year, the Spanish economy grew by 0.5 per cent, ending nine quarters of negative figures.

S. Korean economy grows 0.9 pct on-quarter in Q1: BOK

By Kim Soo-yeon SEOUL, April 24 (Yonhap) -- The South Korean economy grew 0.9 percent in the first quarter from three months earlier as exports and construction investment gained ground, the central bank said Thursday. The first-quarter growth of Korea's gross domestic product (GDP), the broadest measure of economic performance, matched the 0.9 percent on-quarter gain in the fourth quarter, according to the Bank of Korea (BOK).

S. Korean economy grows 0.9 pct on-quarter in Q1: BOK

By Kim Soo-yeon SEOUL, April 24 (Yonhap) -- The South Korean economy grew 0.9 percent in the first quarter from three months earlier as exports and construction investment gained ground, the central bank said Thursday. The first-quarter growth of Korea's gross domestic product (GDP), the broadest measure of economic performance, matched the 0.9 percent on-quarter gain in the fourth quarter, according to the Bank of Korea (BOK).

S. Korean economy grows 0.9 pct on-quarter in Q1: BOK

By Kim Soo-yeon SEOUL, April 24 (Yonhap) -- The South Korean economy grew 0.9 percent in the first quarter from three months earlier as exports of tech and petrochemical products gained ground, the central bank said Thursday. The first-quarter growth of Korea's gross domestic product (GDP), the broadest measure of economic performance, matched the 0.9 percent on-quarter gain in the fourth quarter, according to the Bank of Korea (BOK).

China factory activity shrinks for fourth month, but pace of decline slows

By Kevin Yao BEIJING (Reuters) - China's factory activity shrank for the fourth straight month in April, signaling economic weakness into the second quarter, a preliminary survey showed on Wednesday, although the pace of decline eased helped by policy steps to arrest the slowdown. Analysts see initial signs of stabilization in the economy due to the government's targeted measures to underpin growth, but believe more policy support may be needed as structural reforms put additional pressures on activity.
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