Wednesday, November 30, 2011

Canada's GDP grows 3.5% in third Quarter

Some good news. We also outgrew the Americans whose GDP only grew 2%. This is good news after last quarters drop of ),5%. We need to continue to open up trade with the world. Free trade with India is coming soon. I like that HM Minister of Finance dropedsome trade tariffs recently. We should unilaterally drop all tariffs on poor Commonwealth countries. We need to have a massive Commonwealth free trade zone!


Annual GDP rises 3.5% in Q3, outpaces U.S. growth of 2.0: StatsCan
By The Canadian Press | November 30, 2011


OTTAWA - Real gross domestic product grew at an annualized rate of 3.5 per cent in the third quarter after a second-quarter drop of 0.5.
Statistics Canada notes real GDP in the United States grew two per cent over the same period.
GDP advanced 0.9 per cent over the previous quarter as demand for exports increased.
On a monthly basis, real GDP by industry increased 0.2 per cent in September.

7 comments:

RJ65 said...

I am generally a strong supporter of the Commonwealth, but slightly disagree with your proposal. Sure, a tariff free Commonwealth would be nice, but it should start with only those countries that respect the rule of law, have basic human rights and so forth.

Roy Eappen said...

I agree RJ65.

Ken Moore said...

That's 3 1/2% at an annualized rate, presumably about 7/8 of a percent for the quarter. Good to hear.

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