GDP Revisions Paint Brighter Picture of Canadian Economy

Canada’s economy had a stronger trajectory than initially estimated over the past three years, according to annual revisions by the country’s statistics agency.

Statistics Canada revised higher its growth estimates for 2018 and said last year’s contraction wasn’t quite as deep as earlier projections. The revisions leave the level of gross domestic product about 0.4% higher in 2020 than the agency had said previously.