Poloz, in his remarks to a breakfast meeting of the Vancouver Board of Trade, said the nature of Canadaas trade is changing. Commodities will likely become a bigger share of the economy than they are today compared with manufacturing and services. aWe have seen important, long-term investment in such projects as the oilsands, shale gas extraction here in British Columbia, and some mining projects,a Poloz noted in his speech. Those areas accounted for three quarters of the growth in business investment into the economy during the recovery. However, he cautioned that natural economic growth a that which is self sustaining a requires that all sectors, including manufacturing, thrive. aI think youave got plenty of manufacturing here, so this is a good example of normal versus natural,a Poloz said in a meeting with The Vancouver Sunas editorial board. aNormal would be the expectation for B.C. to grow by (a forecast amount),a he said. aBut if you looked underneath it, you see manufacturing hasnat come back yet, then itas not really natural.a Poloz added that it is the adifference between the normal expectation of growth versus its quality, which matters a lot.a In his speech, Poloz said he is confident the Canadian economy will soon return to anatural growth,a and he set out the course the country needs to follow to get there. aI anticipate that the Canadian economy will normalize and growth will become natural, in contrast to the economic activity of the past six years, which has been fuelled by policy, including record-low interest rates,a he said. Poloz acknowledged that consumers have done the heavy lifting to pull Canada out of its recession, latching onto low interest rates to buy homes and make big purchases sooner than they ordinarily would have. He is less worried than his predecessor, Mark Carney, was about the record levels of debt Canadians have taken on. aThat was part of the policy (of lowering interest rates), to boost that kind of spending, to prevent that kind of deep recession,a Poloz said. High debt levels do leave the economy more vulnerable to shocks, but Poloz added that consumers have added to their wealth by buying assets such as homes, and debt servicing costs are low.
PowerShares Canada announces cash distributions for TSX-listed ETFs
Sports View gallery Canada officially announce friendly vs. Australia at Fulham’s Craven Cottage in London in October The Canadian Soccer Association has confirmed a weeks-old rumor that the Canadian men’s national team will face Australia in a friendly on Oct. 15 at Craven Cottage, the home of Fulham FC, in London. The game was announced on Wednesday evening and will see Canada going up against a Socceroos side coached by former Canada head coach Holger Osieck, who led the Reds to the 2000 CONCACAF Gold Cup title. Get all the Canadian national team news Next month’s match will be Canadas third game under new head coach Benito Floro and will conclude the team’s second camp under the Spaniard, which will run from Oct. 11-16. Floros tenure as Canada coach got off to an inauspicious start earlier this month when his side failed to score a goal in a 0-0 draw and a 1-0 loss to No. 150-ranked Mauritania in a pair of games that concluded a camp on the southeast coast of Spain. Canada are currently mired in a woeful goalscoring spell where they have found the back of the net just once in 10 games in 2013 and have three ties and seven losses. READ: If MLS stars are serious, Floro is listening The last time Canada and Australia met was in a 1994 World Cup qualifying playoff. After each team won its respective home fixture 2-1, extra time was in order in the final game and Australia won on penalty kicks to advance to a final playoff, where they lost to Argentina.
Unitholders of record on September 27, 2013 will receive cash distributions payable on October 7, 2013. About Invesco Canada Ltd. A subsidiary of Invesco Ltd., Invesco Canada’s singular focus is on investment management, offering a diversified suite of solutions to institutions, organizations, companies and individual investors across Canada and around the world. Additional information is available at www.invesco.ca . About Invesco Ltd. Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com . Commissions, management fees and expenses may all be associated with investments in exchange-traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. Copies are available from Invesco Canada Ltd. at www.powershares.ca .