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Canada Economy in Rarefied Territory With 3% Growth

  • Faster pace will eliminate economic slack in coming months
  • Will Trudeau’s deficit spending continue to be necessary?
Condominium buildings stand under construction along Lakeshore Boulevard in Toronto.
Photographer: Mark Sommerfeld/Bloomberg

Statistics Canada reports growth data on Thursday that will confirm the nation’s economy has entered rarefied territory.

Economists are forecasting an expansion in second-quarter gross domestic product at about the same 3.7 percent pace recorded in the first three months of this year. Even with an anticipated second-half slowdown, that should leave Canada flirting with 3 percent growth for all of 2017.