Canada’s economy grew at 0.4% pace to start 2019, barely ahead of late 2018 pace | CBC News
The real gross
domestic product reading for the first quarter followed a revised
growth number of just 0.3 per cent in the previous quarter, Statistics
Canada said Friday in a new report.
domestic product reading for the first quarter followed a revised
growth number of just 0.3 per cent in the previous quarter, Statistics
Canada said Friday in a new report.
It was the slowest two-quarter
stretch of growth since an oil-price plunge caused the economy to
shrink over the first half of 2015.
Economists had expected growth at an annualized rate of 0.7 per cent for the first quarter, according to Thomson Reuters Eikon.
The
Statistics Canada report said downward pressure on first-quarter growth
was driven by weakness in net trade as imports increased 1.9 per cent
and export volumes dropped one per cent for their first quarterly
decrease since 2017.