After slowing more than previously thought in Q1, Canada's economy rebounded more strongly than expected in Q2, posting annualised GDP growth of 3.1%. The 17.8% rebound in exports mainly reflects the bad weather that hit exports earlier this year, as well as some one-off factors that boosted agricultural and auto exports. Accordingly, we don't expect export growth to be that strong during the rest of the year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services