In the fourth quarter, GDP added 3.3% in seasonally adjusted annualized terms (Q3: +1.8% qoq saar), overshooting market expectations, which had seen GDP increasing 2.9%. In the full year, the economy rebounded from a 2.5% contraction in 2009 and added 3.1% in 2010. The Q4 performance was bolstered by resilient growth in the external sector, as the net contribution to overall economic growth improved from a 4.3 percentage-point detraction in the third quarter to a 3.1 percentage-point increase in the fourth. Growth in exports accelerated to 17.1% in the fourth quarter (Q3: -3.2% saar), while imports added 0.5% (Q3: +8.1% saar). Domestic demand also contributed to the strong GDP print in Q4, as growth in private consumption accelerated to 4.9%, following the 2.4% rise in the third quarter. On the other hand, business fixed investment grew 6.1% in the fourth quarter (Q3: +9.5% saar).
Economic growth accelerates in the last quarter of 2010
February 28, 2011
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Canada Economic News
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.
September 30, 2016
In July, GDP grew a strong 0.5% over the previous month in seasonally-adjusted terms.
September 23, 2016
In August, seasonally-adjusted consumer prices recorded a 0.1% decrease over the previous month, which was down from the flat figure recorded in July and marked the lowest reading in six months.