Canada's GDP Growth Minimal for Three Straight Quarters
September 03, 2008 - Alex Carrick
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Real Gross Domestic Product (GDP) growth in Canada, quarter to quarter at an annualized rate, was only 0.3% in the most recent April to June period. This follows on the heels of a -0.8% figure in the first quarter and +0.8% in the fourth quarter of last year. In other words, the economy has been stalled for the last nine months. What might have been most disappointing for Canada was that not one of the three major investment categories recorded an increase in the latest quarter.