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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (616293)9/1/2004 9:08:04 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Statistics Canada reported today that GDP growth surged to an annualized 4.3% rate between April and June - the fastest in two years. And after some careful review of the figures, the agency also revised first-quarter growth up from a previously estimated 2.4% to 3%. How about those busy Canadians!

That meant Canada finished at the head of the class among the G7 nations in second-quarter economic growth. The US recorded a 2.8% growth rate, with Japan notching up 1.7%. Jolly old Britain posted 3.7% growth.

A 5% rise in exports drove the gains - the biggest advance since 1997, offsetting a slight slowdown in consumer spending. Canada’s current account surplus (vs. our huge deficit) swelled to C$10.4 billion (US$8 billion) for the quarter - the second-best figure on record.