Trudeau Curbs His Economic Enthusiasm Despite Canada Leading G-7
- Child benefits and fire response seen as one-off boosts to GDP
- PM hails jobs gain but warns against month-to-month milestones
Justin Trudeau
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Canada’s economy is booming, though you’d hardly know it from listening to Prime Minister Justin Trudeau.
Led by a soaring housing sector and consumer spending, Canada’s gross domestic product is forecast to lead the Group of Seven this year. Jobs numbers are surging, the central bank is hinting at rate hikes and a new round of GDP figures this week will likely show the expansion continues.