Friday, April 01, 2011

Canadian Economy keeps doing very Well

More bad news for the grits. The Canadian continues to grow at 3.3% for the last year. It is the fastest growth in the G7!! Eat your heart out iffyjack and gilles, the coalition of losers will not prevail.

Canada's Economy Expanded for Fourth Straight Month on Factory Output
By Doug Alexander and Greg Quinn - Mar 31, 2011 10:51 AM ET

Canada’s gross domestic product expanded for a fourth straight month in January, led by a surge in manufacturing.

Output rose 0.5 percent during the month, Statistics Canada said today in Ottawa, matching the median forecast of 22 economists surveyed by Bloomberg News. Gross domestic product expanded 3.3 percent in the 12 months through January, matching the year-over-year increase in December.

The results “will certainly cause Bank of Canada to at least revise up their growth outlook,” said David Tulk, chief Canada macro strategist for TD Securities, by telephone. “You’re getting stronger net export growth and perhaps a bit softer domestic demand.”

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