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MNI: Canada Flash Estimates Show GDP Powered Ahead in Q4

Canada's economy may have grown at a 1.2% annualized pace.

Canada's economy powered ahead in the fourth quarter to once again defy some market bets that a recession was emerging, with a flash estimate showing GDP grew at a 1.2% annualized pace, well ahead of the central bank's estimate output stalled at the end of last year.

Statistics Canada also gave a flash estimate showing GDP grew 0.3% in December and the official figure for November of 0.2% growth beat the market consensus for a 0.1% increase.

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Canada's economy powered ahead in the fourth quarter to once again defy some market bets that a recession was emerging, with a flash estimate showing GDP grew at a 1.2% annualized pace, well ahead of the central bank's estimate output stalled at the end of last year.

Statistics Canada also gave a flash estimate showing GDP grew 0.3% in December and the official figure for November of 0.2% growth beat the market consensus for a 0.1% increase.

Keep reading...Show less