Canada Economy Set for Fastest Quarterly Growth Since ‘11 - Bloomberg: "Canada’s gross domestic product grew for a second month in February led by gains at potash miners and factories, putting the economy on track for its fastest quarterly growth since 2011.
Output rose 0.3 percent, matching the revised January gain, to an annualized C$1.57 trillion ($1.55 trillion), Statistics Canada said today in Ottawa. The median forecast in a Bloomberg survey of 23 economists was for a 0.2 percent expansion.
The report suggests economic growth in the first quarter was faster than 2 percent, about the pace the central bank says output can rise before inflation pressures build up. That’s up from the 0.6 percent annualized pace set at the end of last year as exports and investment slumped.
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StarBuzzOnline.com
Output rose 0.3 percent, matching the revised January gain, to an annualized C$1.57 trillion ($1.55 trillion), Statistics Canada said today in Ottawa. The median forecast in a Bloomberg survey of 23 economists was for a 0.2 percent expansion.
The report suggests economic growth in the first quarter was faster than 2 percent, about the pace the central bank says output can rise before inflation pressures build up. That’s up from the 0.6 percent annualized pace set at the end of last year as exports and investment slumped.
"
'via Blog this'
StarBuzzOnline.com
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