Canada economy leaps ahead
Afp, Ottawa
The Canadian economy grew 0.9 percent in the first quarter of the year, or at an annualized pace of 3.7 percent, and more than twice the rate of the prior quarter, Statistics Canada said Thursday. A slight pickup in consumer spending on clothing, household furnishings and leisure items, as well as an inventory buildup resulting from strong production, fueled the advance, the government agency said. Housing investment also accelerated. But investment in fixed capital and exports eased, largely constrained by declines in forestry products and industrial goods and materials.
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