Jeffrey Qián 錢 曄 // 778-238-2014 //

Canadian Monthly GDP (January 2017)

The Canadian economy posted blockbuster monthly growth of 0.6 per cent in January, double the consensus expectations of economists. Growth was lead by higher output in the manufacturing, natural resource extraction, and wholesale trade industries.  

January's outsized GDP number confirms the early tracking data pointing to very strong growth in the first quarter of 2017. The Canadian economy is estimated to have expanded close to 4 per cent in the first quarter of the year.

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