Economy Strong in 2nd Quarter
CBJ — Figures released by Statistics Canada indicate the nation’s 2nd-quarter economy grew at the fastest pace in a year thanks largely to an increase in exports.
Gross domestic product (GDP) expanded at a 2.9% annualized pace from April to June. There was a 1.4% increase in the first quarter of 2018.
Exports jumped by an annualized 12.3%, the biggest quarterly gain since 2014.