Tuesday, July 28th25.0°C
26383

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

26764


Recent Trending




Today's Market
S&P TSX14077.36+75.99
S&P CDNX586.97+5.25
DJIA17630.27+189.68
Nasdaq5089.21+49.43
S&P 5002093.25+25.61
CDN Dollar0.7734+0.0066
Gold1097.10+0.60
Oil48.21+0.36
Lumber256.90-0.80
Natural Gas2.836+0.047

 
Okanagan Companies
Pacific Safety0.175-0.005
Knighthawk0.010.00
QHR Technologies Inc1.37+0.01
Cantex0.05+0.00
Anavex Life Sciences0.78-0.13
Metalex Ventures0.06-0.01
Russel Metals18.35-1.10
Copper Mountain Mining0.82+0.02
Colorado Resources0.06+0.00
ReliaBrand Inc0.0045-0.0022
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.15+0.00
Decisive Dividend Corp2.60-0.10

 





FEATURED Property
23479221551 Pinot Gris Drive
5 bedrooms 3 baths
$1,298,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26509




Member of BC Press Council


26632