Oops: 3rd Quarter GDP up 1.3%
The Canadian economy grew by 1.3% in the third quarter as economic activity recovered in September from a decline in August, Statistics Canada said on Monday.
Corporate profits kept up their “robust” pace from the second quarter, increasing 5.7% for the largest back-to-back growth in quarterly earnings since 2004, StatsCan. Manufacturing output even managed to edge up.
“The instability of world financial markets did not appear to have a significant impact on funds borrowed” by Canadian businesses in the quarter, although household borrowing slowed.
Maybe that $1 trillion plus the Americans are throwing at the crisis is making its way north?
I’d call it a stimulus.
Although the opposition parties are trying their best to make it stop.
Another sign: Canada already awash in stimulus
May 19th, 2012 at 3:43 am
I do accept as true with all of the concepts you have presented on your post. They are very convincing and will definitely work. Nonetheless, the posts are very short for beginners. Could you please prolong them a bit from subsequent time? Thank you for the post.
May 21st, 2012 at 2:21 am
I precisely needed to thank you very much all over again. I’m not certain the things that I would’ve followed in the absence of the solutions contributed by you over that question. It had been a real scary dilemma for me personally, however , encountering the very skilled strategy you handled the issue made me to weep for joy. I’m just thankful for this advice and even wish you find out what a powerful job that you’re undertaking training people through the use of your webblog. I am sure you’ve never encountered any of us.