Canada: GDP growth slows to 1.8 per cent in fourth quarter of 2011

Toronto : Canada | Mar 02, 2012 at 7:12 AM PST

By northsunm32

XX XX

Views: Pending

The growth was in line with what economists had predicted. Although consumer spending and business investment was stronger foreign trade slowed. The strong dollar and economic slowdowns especially in Europe no doubt contributed to this result.

The third quarter growth rate was stronger at 4.2 per cent according to Statistics Canada. In the fourth quarter export growth declined from 16 per cent to 4.6 per cent while imports rose 2.2. per cent.

Manufacturers are struggling with a high Canadian dollar and also weak demand. However energy companies such as Enbridge are doing well as the demand for energy increases. For much more see this Bloomberg article.

1 of 1

Canada's GDP growth has topped expectations

northsunm32 is based in Brandon, Manitoba, Canada, and is an Anchor for Allvoices.

Report Credibility

Credibility
Reach

READ MORE: Canada, Canadian economic growth, Enbridge, exports, Canadian GDP growth

More News From: Toronto : Canada

News Stories

Economy expands 1.8 per cent in fourth quarter

Leader Post Online

Canada's economy grew at an annualized pace of 1.8 per cent in the last quarter of 2011, following a revised 4.2 per cent increase in the previous three months...The fourth-quarter growth was led by consumer spending, business investment and exports,...
Canada 4Q GDP Match Forecast

International Business Times

Statistics Canada released today the latest GDP estimates, signaling the economy expanded at a 1.8 percent annualized pace in the fourth quarter of 2011, from the revised annual pace of 4.2 percent, matching analysts' expected estimate of 1.8 percent.
Euro zone financial crisis slowing global manufacturing, UN report says

Sofia Echo

UN News Centre, the world's manufacturing output had an impressive start in the first quarter of 2011, indicating a recovery from the financial crisis of 2008-2009. However, the rebound stalled in the second quarter, especially because of the...
Economic growth tipped to slow in Dec qtr

The Age

Story continues below "Retail sales have been virtually stalled for the last couple of months, housing construction is very weak, tourism is struggling, manufacturers are struggling and the jobs market is starting to deteriorate again." The national...
Canada's economy grows 2.5 percent in 2011

The Economic Times

Canada's economy grew 2.5 percent in 2011, down from 3.2 percent in the previous year, but it is much better than the economists' estimates a few months ago, and also slightly higher than the central bank's prediction in January, Statistics Canada...
B.C. hotels see strong sales growth in 2011

Vancouver Sun

B.C. hotels are increasingly regarded as hot properties, with 2011 sales significantly higher over the year before, according to a report released Thursday. Reasons for growth include optimism stemming from the global recovery and Metro Vancouver's...

Blogs

Timing The Market » Blog Archive » Tech Talk for Wednesday ...

www.timingthemarket.ca

The Canadian Dollar gained 0.71 to 101.17 cents U.S.. Equity index futures were virtually unchanged following release of revised U.S. fourth quarter GDP. Consensus was unchanged at 2.8%. Actual was an increase of 0.2% to 3.0%. Federal ...
The Progressive Economics Forum » Debunking Drummond

www.progressive-economics.ca

One might suppose that slower revenue growth reflects Drummond's other widely reported prediction: that the Ontario economy will grow by a bare 2% annually. But 2% real growth plus 2% inflation is 4% nominal ... Indeed, several grow faster than
Global oil hits nine-month high, prices show no sign of slowing ...

ediweekly.com

Chinese could lose interest in our oil if we delay: Enbridge CEO; February 10 - editor. Air Canada, Machinists and ... Lower oil and gas production brought Canada's GDP down in November; January 30 - editor .... U.S. Oil Production Shows No Signs