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GDP edges higher in January
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abc
Mar 30, 2012, 10:16:37 AM3/30/12
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GDP edges higher in January
MARCH 30, 2012
Gross domestic product was up 0.1 per cent in January.
OTTAWA — Canada's economic growth slowed in January as gains in the
manufacturing sector were partly offset by a drop in oil and gas
extraction, Statistics Canada said Friday.
Gross domestic product was up 0.1 per cent during the month, the federal
agency said, after a 0.5 per cent increases in December, an upwardly
revised from 0.4 per cent.
The January advance was in line with economists' forecasts.
"Overall, a slightly better than expected outcome given the positive
revision to the prior month (stronger handoff), suggesting that GDP for
the quarter could come in at roughly two per cent," said Emanuella
Enenajor, at CIBC World Markets.
Finance Minister Jim Flaherty's annual budget, released Thursday, called
for 2.1 per cent growth this year and 2.4 per cent in 2013. The budget
also set a course to eliminate the current $24.9-billion federal deficit
over the next three years and post a surplus in 2015-16.
BMO Capital Markets economist Benjamin Reitzes, however, said "Canadian
GDP growth will do well to top two per cent in Q1 and this year."
MARCH 30, 2012
Gross domestic product was up 0.1 per cent in January.
OTTAWA — Canada's economic growth slowed in January as gains in the
manufacturing sector were partly offset by a drop in oil and gas
extraction, Statistics Canada said Friday.
Gross domestic product was up 0.1 per cent during the month, the federal
agency said, after a 0.5 per cent increases in December, an upwardly
revised from 0.4 per cent.
The January advance was in line with economists' forecasts.
"Overall, a slightly better than expected outcome given the positive
revision to the prior month (stronger handoff), suggesting that GDP for
the quarter could come in at roughly two per cent," said Emanuella
Enenajor, at CIBC World Markets.
Finance Minister Jim Flaherty's annual budget, released Thursday, called
for 2.1 per cent growth this year and 2.4 per cent in 2013. The budget
also set a course to eliminate the current $24.9-billion federal deficit
over the next three years and post a surplus in 2015-16.
BMO Capital Markets economist Benjamin Reitzes, however, said "Canadian
GDP growth will do well to top two per cent in Q1 and this year."
Çons@30%
Mar 30, 2012, 7:10:31 PM3/30/12
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Whoopee ! GDP up .1 percent !! Do you even know what that means?
Do a little research on just how much government debt as a percentage of the GDP we have for
Canada.
"abc" <a...@a123.ca> wrote in message
news:20120330-1...@abc.shawnews.vc.shawcable.net...
Do a little research on just how much government debt as a percentage of the GDP we have for
Canada.
"abc" <a...@a123.ca> wrote in message
news:20120330-1...@abc.shawnews.vc.shawcable.net...
M.I. Wakefield
Mar 30, 2012, 9:25:27 PM3/30/12
to
"Çons@30%" wrote in message news:rYrdr.24628$yD7....@newsfe15.iad...
> Whoopee ! GDP up .1 percent !! Do you even know what that means?
> Do a little research on just how much government debt as a percentage of
> the GDP we have for Canada.
There's a shock!
Kkkaren calling for bigger cuts in government spending.
I'm amazed.
> Whoopee ! GDP up .1 percent !! Do you even know what that means?
> Do a little research on just how much government debt as a percentage of
> the GDP we have for Canada.
Kkkaren calling for bigger cuts in government spending.
I'm amazed.
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