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Business
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Title: Canada's Economy Grows At Fastest Pace Since 2000
Source: BBC
URL Source: http://news.bbc.co.uk/2/hi/business/8543650.stm
Published: Mar 1, 2010
Author: BBC
Post Date: 2010-03-01 12:25:40 by Brian S
Keywords: None
Views: 1603
Comments: 16

Canada's economy grew in the final three months of 2009 by the fastest pace in nine years, official figures have shown.

The economy expanded by 5% on an annualised basis during the quarter, after growing at a rate of 0.9% in the previous three months.

The data was boosted by rising consumption, government spending and property investments.

Canada's economy has rebounded strongly like its neighbour, the US.

The US economy grew at an annualised rate of 5.9% in the last three months of 2009, the Commerce Department said last week, revised higher from the first estimate of 5.7%.

Canada's growth was the more than economists had predicted, and faster than the 3.3% that its central bank had expected.

It was the fastest growth rate since the third quarter of 2000.

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Begin Trace Mode for Comment # 1.

#1. To: Brian S (#0)

I wonder how much was related to the pending Olympics?

Badeye  posted on  2010-03-01   12:39:19 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: Badeye (#1) (Edited)

Given that residential spending was up as was consumer spending but investment in non residential structures and machinery and equipment fell...apparently very little...

war  posted on  2010-03-01 12:50:35 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Badeye (#1)

I wonder how much was related to the pending Olympics?

Or the fact that they maintained the banking regulations that we repealed in 1999?

go65  posted on  2010-03-01 12:57:01 ET  Reply   Untrace   Trace   Private Reply  


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