Canadian Economy Grew Twice as Fast as U.S. Counterpart in 1st Quarter 2011
05/31/2011
The Canadian statistical agency noted that during this three-month period, businesses replenished inventories and boosted investment spending, exports rose, and government spending stalled,.
Another take on the data analysis is that Canada's real GDP expanded by 1 percent; faster than the 0.8 percent expansion rate posted the last three months of 2010.
In this first quarter exports increased 1.6 percent (following a a 2.1 percent increase in fourth quarter 2010), while imports grew 2.2 percent (after edging down 0.1 percent in the previous quarter).
All major industrial sectors increased their output , with the notable exception of retail trade and arts, entertainment and recreation, added Statstics Canada. "Goods production rose 1.8 percent while service-producing industries increased 0.7 percent. Manufacturing as well as mining and oil and gas extraction were the largest contributors to growth. Construction, transportation and wholesale trade also recorded notable increases."
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024