Thursday, April 24th9.8°C
20923

Economy growing says StatsCan

Statistics Canada says the economy grew at an annualized rate of 1.9 per cent in the first quarter, matching the previous quarter's growth rate.

On a monthly basis, real GDP by industry edged up 0.1 per cent in March.

The agency says business investment in plant and equipment advanced 1.2 per cent in the first quarter, marking a ninth consecutive quarterly increase.

Housing investment expanded 2.9 per cent, well above the previous quarter's pace of 0.8 per cent.

Consumer spending on goods and services, another main contributor to GDP growth in 2011, slowed to 0.2 per cent in the first quarter of this year after a 0.7 per cent gain in the previous quarter

The Canadian Press
How does this story make you feel? (85 total votes)
Castanet MoodMeter
Indifferent
12.9%
Happy
62.4%
Disappointed
4.7%
Inspired
3.5%
Informed
15.3%
Convinced
1.2%


Read more Business News

21100


Recent Trending




Today's Market
S&P TSX14554.25+20.86
S&P CDNX1014.453.47
DJIA16501.650.00
Nasdaq4148.338+21.372
S&P 5001878.61+3.22
CDN Dollar0.9072-0.0002
Gold1291.30+7.1001
Oil102.15-2.22
Lumber334.20+2.30
Natural Gas4.706+0.001

 
Okanagan Companies
Pacific Safety0.11-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.35+0.13
Cantex0.05+0.005
Anavex Life Sciences0.36-0.02
Metalex Ventures0.075-0.005
Russel Metals31.48+0.18
Copper Mountain Mining2.49+0.16
Colorado Resources0.265-0.005
ReliaBrand Inc0.11+0.03
Sunrise Resources Ltd0.03+0.005
Mission Ready Services0.250.00

 



20344

FEATURED Property
1636293Riverfront
$349,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


On living and dying

Our ability to live beyond our years has nothing to do with medical science; we will all live longer than our physical bodies, each of us will leave behind a personal legacy made up of our deeds, our ...


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...

_








Member of BC Press Council