Canadian GDP set to rise

Canadian GDP set to rise

Figures released today are expected to see growth in Canada’s gross domestic product; the prediction is for 0.3 per cent for April, up from 0.1 per cent in March. Auto and real estate sales have been good, while generally slow consumer spending due to the harsh winter has led to greater activity as the weather improved. Merchandise trade figures are also due this Thursday. Exports are expected to show modest growth but are key to bringing down the trade deficit, running at almost $600 million in April. Read the full story.