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Economic turnaround gathers steam

Canadian GDP numbers better than expected for November


 

The Canadian economy posted its third straight month of expansion in November as gross domestic product, or GDP, rose by 0.4 per cent, according to Statistics Canada. Most of the growth came from the mining and oil and gas industries, as well as wholesale trade. The November data was better than many economists were expecting, leading some to suggest the recovery is gathering momentum despite relatively weak employment. Another positive sign: the U.S. economy roared back to life during the last three months of 2009, with GDP growth of 5.7 per cent, according to a report Friday. That, too, was more than analysts had forecasted. Canada’s fourth quarter GDP numbers are scheduled to be released on March 1. The Bank of Canada has predicted growth of 3.3 per cent.

Financial Post


 
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Economic turnaround gathers steam

  1. What are the unemployment numbers? Thought so.

  2. So does anyone believe the stimulus money helped boost the GDP?

    If yes, then Harper should claim credit.

    If no, then Keynesian economics is bunk, at least so far as this recession is concerned.

    The horns of a dilemma for some I would imagine.

    • So you're saying that the latest budget was all Harper and he wasn't forced into it by the opposition?

      You sure you want to run that route?

    • everybody forgets that harper has a masters in economics …i am sure he knows that spending more, cutting taxes and keeping interest rates low it the way to help the economy .. ironically you are supposed to do the opposite when times are good which the publc surely would never understand

  3. from the stats i read online the causes of co2 would be 1.co2 from fossil fuel buring power plants 2. animal and agricultural industry 3. transportation …no word on how much carbon the several billion people emit ….al gore in his 10 000 square foot home is working on it

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