Easily.
This lefty, tax and spend gubmint is just killing us!
Canadian economy grows at 4.5% pace in Q2, easily beating forecasts
Canada’s economy posted another quarter of gangbusters growth, expanding at an annualized rate of 4.5 per cent. That was far above economists’ consensus forecast of 3.7 per cent for the April to June period.
The result, which comes after robust growth in the first quarter, marks Canada’s fastest growth in the first six months of a calendar year since 2002.
“Wow. There seems to be no stopping Canada of late,” TD economist Brian DePratto gushed in a client note analyzing the data release.
“Even the naysayers will struggle mightily to find fault in this rock-solid report,” wrote BMO’s Douglas Porter.
The numbers show broad-based growth driven by household spending and exports, particularly in the energy sector.
But while analysts have become accustomed to admonishing Canadians about overspending, this GDP report elicited no such warnings.
Consumer spending right now is underpinned by “rising household income on the back of healthy job gains,” wrote DePratto.
Indeed, families appeared to have room to both spend and save more, with the household savings rate rising a notch, to 4.6 per cent from 4.3 per cent in the first quarter.
https://www.ft.com/content/775d6604-9beb-3884-a608-ee7367cc71fb
This lefty, tax and spend gubmint is just killing us!
Canadian economy grows at 4.5% pace in Q2, easily beating forecasts
Canada’s economy posted another quarter of gangbusters growth, expanding at an annualized rate of 4.5 per cent. That was far above economists’ consensus forecast of 3.7 per cent for the April to June period.
The result, which comes after robust growth in the first quarter, marks Canada’s fastest growth in the first six months of a calendar year since 2002.
“Wow. There seems to be no stopping Canada of late,” TD economist Brian DePratto gushed in a client note analyzing the data release.
“Even the naysayers will struggle mightily to find fault in this rock-solid report,” wrote BMO’s Douglas Porter.
The numbers show broad-based growth driven by household spending and exports, particularly in the energy sector.
But while analysts have become accustomed to admonishing Canadians about overspending, this GDP report elicited no such warnings.
Consumer spending right now is underpinned by “rising household income on the back of healthy job gains,” wrote DePratto.
Indeed, families appeared to have room to both spend and save more, with the household savings rate rising a notch, to 4.6 per cent from 4.3 per cent in the first quarter.
https://www.ft.com/content/775d6604-9beb-3884-a608-ee7367cc71fb
