The Canadian economy grew at twice the rate of the American. The grits and dippers continue to ignore the economy and continue slinging mud. Would the economy under a rae coalition prosper? With large tax increases and ever more government spending, I guarantee not.
Economy growing at 6.1% pace
3rd straight quarter of growth following recession
Canada's economy expanded by 1.5 per cent in this year's first quarter, the third straight gain following a recession.
Statistics Canada released data Monday showing Canada's gross domestic product grew by 1.5 per cent between January and April inclusive, following a 1.2 per cent gain in the three months before that.
On an annualized basis, GDP grew 6.1 in the first quarter after advancing 4.9 in the fourth quarter of 2009. That pace of growth is the strongest in more than a decade.
The U.S. economy expanded at a three per cent pace during the same period.
Goods-producing industries grew by 2.7 per cent during the quarter, outpacing the 1.1 per cent gain in services. In manufacturing, the gains were widespread, with durable and non-durable goods advancing 5.9 and 2.1 per cent, respectively.