"Even as we see daylight in today's economy, we find ourselves in the shadow of daunting longer-term challenges to economic growth and shared prosperity", said John Williams, president of the Federal Reserve Bank of San Francisco, in an August 2 speech. The data also shows the last time quarterly growth climbed as high as 4.5% was in the third quarter of 2011 when it hit 5.7%.
Mark Zandi, chief economist at Moody's Analytics, said he expected growth for the current quarter of 2.9 percent and a 2.6 percent gain for the fourth quarter.
In the year to June, Canada's economy grew 4.3 per cent, after growing 4.7 per cent the month before.
The first quarter's growth was unrevised at 3.7%.
The central bank's policy rate sits at 0.75 per cent, after it was raised in July for the first time in almost seven years.
The second quarter economic growth was mainly driven by consumers, as household spending grew 4.6 percent, helped by another quarter of strong spending on durable goods.
GDP growth tends to be volatile from quarter to quarter. But earnings began to recover previous year as crude prices stabilized, and exporters are getting a boost because the dollar has weakened since early 2017.
The Canadian dollar strengthened against the USA dollar and traders raised bets for another 25-basis-point rate hike that could come as soon as next month.
Combined with the 3.7 per cent expansion over the first three months of 2017, Statistics Canada said the country saw its strongest six-month start to a calendar year in 15 years.
Many economists had been forecasting growth in the current July-September quarter would be around 3 percent.
Business spending got a boost from software, helping intellectual-property investment rise at a 4.9 percent pace, up from an initially reported 1.4 percent. Some are now saying that the devastation from Hurricane Harvey could shave about a half-percentage point off growth this quarter.
Canadian government bond prices were mostly lower across the yield curve, with the two-year price down 7 Canadian cents to yield 1.275 per cent and the 10-year falling 13 Canadian cents to yield 1.851 per cent.
Questions remain about whether the Australians were mentally prepared for their first series on Bangladeshi soil since 2006. Shakib claimed 5-85 and was the obvious man-of-the-match choice for his first innings score of 84 and a 10-wicket haul.
Stocks did briefly pare losses after comments from US House Speaker Paul Ryan that a government shutdown was unnecessary. Although many Americans have benefited from NAFTA, Lighthizer said that the agreement has "failed. countless Americans".
Total will gain about one billion boe in proven and estimated reserves, more than 80 per cent of it under the North Sea, it said. That will make the Danish company the second-largest investor in the French giant, according to data compiled by Bloomberg .
Apple's rumored to launch the smartphone with a button free front facade, following in the Galaxy S8's footsteps. Research firm IDC gave Apple's shares another boost after releasing bullish estimates for the new iPhone .
The proportion of students achieving 5 or more GCSE passes at grades A* to C stands at an unparalleled 77%. GCSE results for A* to C grades have fallen more sharply by 3.8% to 62.8% compared to 66.6% in 2016.
In a position paper on cross-border civil judicial cooperation, the government stressed both sides' dependency. Theresa May has stated firmly Britain will "take back control" of its laws in a keynote speech.
The forecast calls for mostly sunny skies - well, except when the sun happens to be obstructed by the moon. Coverage will remain very isolated, so overall viewing conditions should be pretty good for the eclipse.
But for the second straight year the Bulldogs finished the season unranked in the AP poll after being ranked. Malzahn's team went 8-5 and lost the Outback Bowl in 2014 and went 7-6 and won the Birmingham Bowl in 2015.
Well-informed Palestinian sources told Asharq Al-Awsat that no significant breakthrough occurred at the Abbas-Kushner meeting. The report of the planned USA proposal came amid recent signs of disillusionment from Abbas over U.S. peace efforts.
That said, the M5 F90's 4.4-liter, twin-turbocharged V8 develops the same amount of horsepower and 750 Nm (553.2 lb-ft) of torque. BMW M engineers have also added a new carbon fiber reinforced plastic roof to cut weight even further on the new M5.
During last year's exercises, North Korea launched a ballistic missile from a submarine and put its military on the highest alert. The Ulchi-Freedom Guardian is a military drill which sees the US and South Korea join forces in a string of exercises.
Mom dies in Harvey floodwaters while saving her infant daughter
As Tropical Storm Harvey travels inland toward Louisiana and continues to flood Texas, the death toll too has continued to rise. Authorities said they are not going to release the mother's and child's names until family members and friends are notified.
U.S. airstrikes block evacuation of Islamic State militants
It is cooperating with the US -led coalition that has been conducting an airstrike campaign against the group since mid-2014. The military official said once the transfer is completed, the Lebanese army would take control of the evacuated areas.
GOP Tax Cuts Likely to Be Modest Like Bush Reforms
In terms of policy, though, there are signs that the Trump White House is continuing to defer to Republicans in Congress. Tax reform was a major campaign promise for Trump and his Republican allies in Congress past year .
Winning Powerball tickets sold in Hampton, Williamsburg
The Virginia Lottery said a near-record Powerball jackpot has led to skyrocketing ticket sales - except during the solar eclipse. The error by the Massachusetts State Lottery over which store sold the lone winning Powerball ticket is being blamed on nerves.
Former Thai premier Yingluck flees ahead of verdict
Former Thai PM Yingluck Shinawatra has fled overseas , sources say, ahead of a verdict in her trial over a rice subsidy scheme. The rice subsidy plan Yingluck oversaw paid farmers about 50 percent more that they would have made on the world market.
Secret Superstar's first song, Main Kaun Hoon
Aamir Khan tweeted saying, "Presenting the first song of Secret Superstar , and along with one of the Secret Superstar , Megha". Before she begins recording, she tries to disclose her name but hesitates and says, " Main aapko apna naam nahi bata sakti ".
Deulofeu: Win for terrorist victims
Thirteen people were killed and more than 100 people injured after a van was rammed into crowds along Barcelona's Las Ramblas. Not many teams go to the Nou Camp and win - and the majority of those that do need a bit of luck on their side along the way.