Canada first quarter economic growth misses mark, annualized 2.4%
Canadian economy
Ottawa - Arab Today
The Canadian economy grew at an annualized rate of 2.4 percent in the first quarter, bolstered by a rebound in exports and domestic consumption, the government statistical agency said Tuesday.
The gross domestic product (GDP) from January to March was lower than forecast, after the Canadian central bank warned last week that wildfires in the Alberta oil patch would shave as much as 1.25 percentage points off growth in the second quarter.
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