Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Canada Recovers from Sluggish Second Half of 2012 with Strong First QuarterFriday, May 31, 2013 > 13:16:18
Solid exports helped Canada's economy grow at a higher-than-expected annualized rate of 2.5% in the first quarter, the fastest pace in six quarters, after a sluggish second half of 2012, Statistics Canada said on Friday.
Export volumes jumped by a non-annualized 1.5% following four weak quarters in 2012, as goods exports, mainly energy products, non-metallic minerals and consumer goods, posted gains. Imports rose by 0.3%. Mining and oil and gas extraction was the main source of industrial growth for the second straight quarter.
On a monthly basis, Canada's economy grew by 0.2% in March from February, as mining, quarrying and oil and gas extraction helped outweigh declines in manufacturing and wholesale trade.