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31st May 2017 Canada Economy Growing Faster

The first quarter of 2017 has been good for Canada. Canadian consumers and businesses are spending. Canadian business leaders are investing in their business.

Canada’s growth rate is 3.7 percent according to Statistics Canada which compares well internationally. This is substantially faster than the annualised growth rate of only 2.7 percent for the last quarter of 2016.

If anything, Canada’s economy is set to grow even faster as 2017 progresses.

6th January 2017 Full Time Employment Largest Month-on-Month Gain Since March 2012

Employment rose by 54,000 (+0.3%) in December, the result of gains in full-time work. The unemployment rate increased 0.1 percentage points to 6.9%, as more people participated in the labour market.

In the fourth quarter of 2016, employment increased by 108,000 (+0.6%), the largest increase since the second quarter of 2010. This followed a gain of 62,000 (+0.3%) in the third quarter.

Source : Statistics Canada

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