Canadian GDP stretched during 1.7% annual gait in fourth quarter

Canada’s economy grew by 3 per cent final year, some-more than twice a enlargement seen a year before. But roughly all of a enlargement came in a initial half of a year, followed by a pointy slack from Jun onwards. (Paul Sancya/Associated Press)

The gait of enlargement in Canada’s economy slowed down during a finish of 2017, expanding during an annual gait of only 1.7 per cent in a final 3 months of a year.

Statistics Canada reported Friday that a gait of enlargement in a economy was a same in Oct by Dec as it was in a summer months. 

But both total are good next a gait seen in a 12-month duration before that, when a economy was humming along during an normal enlargement rate of 3.6 per cent. That was a strongest gait of enlargement given 2010, Bank of Montreal remarkable Friday morning, though that enlargement is starting to demeanour good behind in a rear-view mirror.

Household spending slowed down in a quarter, to enhance by only 0.5 per cent. In a prior quarter, it had grown by 0.9 per cent.

For a year as a whole, Canada’s economy grew by 3 per cent final year, good forward of a 1.4 per cent enlargement seen in 2016. But “much of this enlargement was attributable to a initial dual buliding of 2017, with deceleration celebrated toward a finish of a year,” a information group said.

More to come

Article source: http://www.cbc.ca/news/business/canada-gdp-december-1.4558874?cmp=rss