Top Stories

US stocks slide, oil extends losses, dollar weakens - World Politics Journal;

US stocks slide, oil extends losses, dollar weakens - World Politics Journal

World Politics JournalUS stocks slide, oil extends losses, dollar weakensWorld Politics JournalCanada's GDP expanded at an annualised pace of 3.7 per cent in the first quarter, up from a 2.7 per cent rate recorded in the previous three-month period, according to Statistics Canada. The rate made Canada the best-performing economy among the Group ...and more »

Oil, loonie and NAFTA: Investors may have good reasons to run away from the fastest-growing G-7 economy - Financial Post;

Oil, loonie and NAFTA: Investors may have good reasons to run away from the fastest-growing G-7 economy - Financial Post

Financial PostOil, loonie and NAFTA: Investors may have good reasons to run away from the fastest-growing G-7 economyFinancial PostThe country's economy expanded at an annualized 3.7 per cent pace in the first quarter, Statistics Canada reported Wednesday, easily tops in the Group of Seven. Meanwhile, in a year when stocks are rising everywhere, Canada's benchmark index is the ...and more »

Canada Q1 economic growth leaps to 3.7pc - The Daily Star

Canada Q1 economic growth leaps to 3.7pcThe Daily StarCanada's economy roared back to life in the first three months of this year, as more business and household spending pushed growth to 3.7 percent, the government's statistical agency announced Wednesday. The gross domestic product (GDP) was in line ...and more »

Economy grows at 3.7% in Q1, fuelled by household spending, business investment - 660 News;

Economy grows at 3.7% in Q1, fuelled by household spending, business investment - 660 News

660 NewsEconomy grows at 3.7% in Q1, fuelled by household spending, business investment660 NewsA construction worker shingles the roof of a new home in a development in Ottawa on Monday, July 6, 2015. The economy picked up steam in the first three months of this year, driven by consumer spending, a turnaround in business investment and the ...and more »

Econo-metrics: The (almost) monster first quarter GDP - Macleans.ca;

Econo-metrics: The (almost) monster first quarter GDP - Macleans.ca

Macleans.caEcono-metrics: The (almost) monster first quarter GDPMacleans.caHere is the headline: Canada's gross domestic product accelerated to an annual rate of 3.7 per cent in the first quarter, as Canadians kept shopping and companies rebuilt inventories, Statistics Canada reported May 31. StatsCan raised its growth ...and more »

Canadian economy shows promising growth in Q1 2017, say economists - Business in Vancouver;

Canadian economy shows promising growth in Q1 2017, say economists - Business in Vancouver

Business in VancouverCanadian economy shows promising growth in Q1 2017, say economistsBusiness in VancouverCanada's GDP increased 3.7% on an annualized basis in 2017's first quarter, according to Statistics Canada data released May 31. This increase was below the consensus call of 4.2%, but economists are still saying the latest data is cause for optimism ...and more »

Canada's economy accelerates; nudges BoC closer to hiking rates - The Globe and Mail;

Canada's economy accelerates; nudges BoC closer to hiking rates - The Globe and Mail

The Globe and MailCanada's economy accelerates; nudges BoC closer to hiking ratesThe Globe and MailCanada's economy accelerated in the first quarter on the back of strong consumer spending and a business investment rebound, bolstering the case for the central bank to begin considering raising interest rates. Gross domestic product grew at an ...and more »

Oilsands GDP dips due to upgrader fire while oil-related services grow 9.9% - CBC.ca;

Oilsands GDP dips due to upgrader fire while oil-related services grow 9.9% - CBC.ca

CBC.caOilsands GDP dips due to upgrader fire while oil-related services grow 9.9%CBC.caCanada's GDP related to the oilsands declined in March but that was largely due to a fire and explosion that disrupted an upgrader near Fort McMurray, according to Statistics Canada. New data released Wednesday shows the disruption helped push gross ...and more »

Canadian Stocks Are Sinking Despite Solid GDP Report - Canadian Commentary - Nasdaq

Canadian Stocks Are Sinking Despite Solid GDP Report - Canadian CommentaryNasdaq(RTTNews.com) - The Canadian stock market has been steadily declining since the open of trade Wednesday. The energy sector is leading the way lower this morning, as crude oil prices continued to drop. The continued slide in crude prices has ...and more »

Canada economic growth speeds up in Q1 on investment, consumers - Malay Mail Online;

Canada economic growth speeds up in Q1 on investment, consumers - Malay Mail Online

Malay Mail OnlineCanada economic growth speeds up in Q1 on investment, consumersMalay Mail OnlineA Canadian dollar coin, commonly known as the 'Loonie', is pictured in this illustration picture taken in Toronto January 23, 2015. — Reuters picOTTAWA, May 31 — Canada's economy accelerated strongly in the first quarter, driven by consumer spending ...and more »

Economy grows at 3.7% in Q1, fuelled by household spending and business investment - Brandon Sun

Economy grows at 3.7% in Q1, fuelled by household spending and business investmentBrandon SunOTTAWA - The economy picked up steam in the first three months of this year, driven by consumer spending, a turnaround in business investment and the housing market, Statistics Canada said Wednesday. Canada's real gross domestic product grew at an ...and more »

It was the best of times, it was the worst of times for Canada's recovery - The Globe and Mail

It was the best of times, it was the worst of times for Canada's recoveryThe Globe and MailTo borrow from Charles Dickens (not to mention a Citi economist), it is the best of times, it is the worst of times for Canada's recovery. Indeed, as Citigroup's Dana M. Peterson put it, economic reports this week alone highlight “the best and worst ...and more »

CANADA STOCKS-TSX turns negative as sliding oil prices drag energy shares - Reuters

CANADA STOCKS-TSX turns negative as sliding oil prices drag energy sharesReutersTORONTO May 31 Canada's main stock index turned negative shortly after the open on Wednesday, as a sharp decline in energy companies, hurt by falling oil prices, offset a broad rally in most other sectors. The Toronto Stock Exchange's S&P/TSX ...and more »

Strong and More 'Balanced' Growth in Canada in Q1 - Action Forex

Strong and More 'Balanced' Growth in Canada in Q1Action ForexCanadian GDP jumped 3.7% in Q1 (at an annualized rate) to build on 2.7% and 4.2% increases in Q4 and Q3 of 2016, respectively. Household spending remained strong (consumer spending up 4.3%, residential investment up 15.7%) but, unlike earlier ...and more »

Canada's economy grew at 3.7% pace in first quarter of 2017 - CBC.ca;

Canada's economy grew at 3.7% pace in first quarter of 2017 - CBC.ca

CBC.caCanada's economy grew at 3.7% pace in first quarter of 2017CBC.caCanada's economy expanded at an annual pace of nearly four per cent in the first quarter, more than three times the growth seen in the U.S. in the same period. According to Statistics Canada, the total value of all goods and services sold in Canada ...and more »

Hot First Quarter Growth Marks a Canadian GDP 'Three-Peat' - Action Forex

Hot First Quarter Growth Marks a Canadian GDP 'Three-Peat'Action ForexThe Canadian economy roared ahead in the first quarter of the year, expanding 3.7% q/q annualized. Including price effects, nominal GDP growth was an impressive 8.9%. Consumers were the star of the show as household spending rose 4.3% on the back ...and more »

Global markets: Canadian GDP advances in March - Western Producer

Global markets: Canadian GDP advances in MarchWestern ProducerWINNIPEG, May 31 (CNS Canada) – The following is a glance at the news moving markets globally. – Canada's gross domestic product increased in March, at a pace higher than analysts had expected, market watchers said on Wednesday. According to ...and more »

Canada Growth Rose 3.7% in First Quarter, Tops in G7--Update - Fox Business

Canada Growth Rose 3.7% in First Quarter, Tops in G7--UpdateFox BusinessOTTAWA – Canadian economic output advanced at a robust pace in the first quarter, making Canada the best-performing economy among Group of Seven countries in early 2017 on the strength of consumer spending and a long-awaited rebound in business ...and more »

Canadian Dollar Mixed After GDP Data - London South East (registration) (blog)

Canadian Dollar Mixed After GDP DataLondon South East (registration) (blog)CANBERA (Alliance News) - The Canadian dollar traded mixed against its major counterparts in the European session on Wednesday, after data showed that Canada's economic growth improved in the first quarter, led by strength in final domestic demand.and more »

Canada's Economic Growth Triples U.S.'s - Huffington Post Canada;

Canada's Economic Growth Triples U.S.'s - Huffington Post Canada

Huffington Post CanadaCanada's Economic Growth Triples U.S.'sHuffington Post CanadaCanada's GDP grew at a 3.7-per-cent pace in the first three months of 2017, more than tripling the U.S.'s 1.2-per-cent pace, StatsCan reported on Wednesday. "Wasn't it America that was supposed to be made great again? And yet boring old Canada was a ...and more »