(Reuters) - OTTAWA, May 31 - The Canadian economy grew more
than twice as fast in the first quarter of 2007 as in the
previous quarter, setting the stage for the Bank of Canada to
begin hiking interest rates soon.
Statistics Canada said on Thursday that gross domestic
product grew 3.7 percent on an annualized basis, topping
analysts' estimate of a 3.5 percent gain and up from 1.5
percent in the fourth quarter. It was the fastest quarterly
growth clip since the third quarter of 2005.
Read more at Reuters.com Economic News
than twice as fast in the first quarter of 2007 as in the
previous quarter, setting the stage for the Bank of Canada to
begin hiking interest rates soon.
Statistics Canada said on Thursday that gross domestic
product grew 3.7 percent on an annualized basis, topping
analysts' estimate of a 3.5 percent gain and up from 1.5
percent in the fourth quarter. It was the fastest quarterly
growth clip since the third quarter of 2005.
Read more at Reuters.com Economic News
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