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Canada's Economy Grows 2.6% as Oil Exporter Emerges From Slump

From bloomberg.com

Canada’s indefatigable households kept the country’s economy growing at a 2.6 percent annualized pace in the final quarter of 2016, helping offset what looks to be a deepening slump in business investment. Statistics Canada also raised its third-quarter growth estimate to 3.8 percent, from 3.5 percent, showing the nation’s economy had its best half-year performance since the final six months of 2013 or before the collapse of oil prices. For the month of December, GDP was up 0.3 percent. The confirmation that Canada is emerging from the commodity slump should come as a relief to policy makers who struggled to cope ... (full story)

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