Canada’s GDP sees biggest gain in three years

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VANCOUVER (NEWS1130) – More signals you might want to lock’em in.  Our economy is picking up steam faster than many expected…. including the Bank of Canada.

StatsCan has just released GDP numbers for January, they show our economy expanded at the fastest pace in three years in January, led by manufacturing, wholesaling and construction.

Gross domestic product increased 0.6 per cent from December, the fifth straight gain and the biggest since December 2006.  Many economists expected growth of 0.5 per cent on average.

This gives the Bank of Canada even more reason to look at raising key interest rates in the next few months on signs of quicker inflation and growth.

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