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Strong Canada quarterly growth beats expectations
Canada posts 3.7 percent annualized GDP growth in Q2 driven by a 3.7 percent export rebound and a 1 percent drop in imports. Exports surge in energy and farm products while global headwinds from U.S.-China trade and Brexit temper optimism. Economists note the strength largely reflects temporary trade effects rather than durable momentum.
MENTIONED IN THIS ARTICLE
Ottawa
Statistics Canada
Canada
Nathan Janzen
RBC Economics Research
Refinitiv