Canada’s economy began 2017 on a tear, building on momentum from the end of last year that is being led by manufacturers and oil producers.
Gross domestic product increased 0.6 % in January, Statistics Canada said on March 31 in Ottawa, doubling economist expectations of 0.3% growth. From a year earlier, output was up 2.3% — the most since the start of 2015.
The economy is not only growing but accelerating. GDP has expanded 1.5% since October, the biggest three-month gain since 2011. Goods producing industries are making a comeback and are now leading growth.
