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Canada's GDP rose 3.7 per cent in the second quarter.

Ottawa, Sept. 6 (Petra)-- Canada's GDP expanded 3.7 per cent annualized in the second quarter of the year, according to Statistics Canada. Economists were expecting 3 per cent growth. "The Canadian economy came roaring back following a couple of quarters of near stagnation," said CIBC economist Royce Mendes in a research note. Exports drove growth with a 3.7 per cent rise, following declines in the two previous quarters. Non-residential business investment fell 16.2 per cent, a bad sign for the economy going forward. Growth in household spending slowed to 0.1 per cent. //Petra// 06/09/2019 13:26:54

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Publication:Jordan News Agency (Petra)
Geographic Code:1CANA
Date:Sep 6, 2019
Words:118
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