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/BloombergThis article is for subscribers only.
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.