<<< back to article list

Canadian economic growth gains steam

Blog by Brad Herman | May 31st, 2013

The Canadian economy is showing signs of life, after posting lackluster growth in the back half of last year.

The economy grew at an annualized pace of 2.5 percent in the first quarter, Statistics Canada said in Friday, its strongest rate of expansion in six quarters and comes after posting growth of just 0.9 percent in the fourth quarter of last year.

Economists were expecting 2.3-percent growth after recent data pointed to a turnaround.