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Home > About TFO Canada > News

Trade News

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 Quarter

Friday, May 31, 2013 > 13:16:18
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(Reuters)


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.

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