9 per cent for the three month period ended June 30

Canada Goose Parka With last winter harsh weather behind them, Canadians opened their warmed up wallets in the second quarter, spending the economy to an annual growth rate of 3.1 per cent, beating analyst expectations. Canada Goose Parka

Statistics Canada said Friday the increase in the gross domestic product was the strongest pace in nearly three years and compared cheap canada goose with a canada goose offers uk 4.2 per cent rise in GDP south of the border.

cheap Canada Goose The jump came as the agency updated its result for the first quarter to an annual pace of 0.9 per cent compared with an earlier reading of 1.2 per cent in the first three months of the year. cheap Canada Goose

Canadian economy looks to be firing on more cylinders after a particularly tough winter, canada goose outlet near me said TD Bank senior economist Randall Bartlett.

heading into the second half of the year is also strong, he added.

Economists had expected a growth rate in the second quarter of 2.7 per cent.

While economic growth seen in the canada goose outlet uk sale second quarter was a significant top up from the beginning of the year, Canada economy has canada goose sylvan vest uk so far proven to been less volatile than in the United States, where first quarter numbers tumbled, only to be canada goose outlet black friday offset by a dramatic rise in second quarter performance.

canada goose coats On a monthly basis, the Canadian economy grew in June by 0.3 per cent compared with economist expectations for growth of 0.2 per cent. canada goose coats

Canada Goose Online Statistics Canada said there was growth in every sector during the quarter, save for non profit institutions serving households. Canada Goose Online

Canada Goose Coats On Sale Consumers led the increase, with household consumption up by 0.9 per cent for the three month period ended June 30. Canadians spent 1.2 per cent more on goods in the second quarter, and 0.7 per cent more on services. Canada Goose Coats On Sale

Spending on housing showed a marked increase with investment in residential structures up 2.9 per cent by quarter and home ownership transfer costs up by a full 9.0 per cent after two previous quarters of decline.

Exports were also up by 4.2 per cent in the second quarter _ the strongest performance since the third quarter of 2011 _ after declining by 0.2 per cent in the first three months of the year.

Significant increases were seen in exports of vehicles, farm and fishing products, forestry products and packaging materials.

Export growth is expected to continue through the rest of the year, although at a modestly slower rate, predicted RBC assistant chief economist Dawn Desjardins.

canadian goose jacket we do not expect the very rapid pace of export growth in the second quarter canada goose outlet toronto to be replicated, we are looking for exports to post solid gains in the second half of the year resulting in net exports providing a lift to GDP growth, Desjardins said in a note to the bank clients. canadian goose jacket

Business capital spending was also up in the second quarter, by 0.8 per cent after two consecutive quarterly declines.

However, businesses slowed spending in other areas, accumulating roughly $7.0 billion in inventories during the second quarter, down from $14.5 billion in the period from January through March.

Retailers also reduced their inventories of non durable goods by $2.8 billion.

Service industries increased output in the second quarter by 0.8 per cent, with notable increases seen in retail and wholesale trade, transportation and warehousing.

Spending by business on intellectual property products was down by 2.8 per cent, maintaining a trend from the previous month.

Canada Goose Outlet There were also declines in investment in mineral exploration, research and development, and software. Canada Goose Outlet

cheap canada goose uk Finance Minister Joe Oliver lauded the overall numbers, saying in a statement that the economic growth seen this year will keep Ottawa on track to canada goose outlet new jersey balance the federal books in 2015. cheap canada goose uk

Indeed, the latest figures from the Finance Department indicated that the federal budget was headed in the right direction.

The government recorded a budgetary surplus of $1.6 billion in June, according to the fiscal monitor released canada goose clearance sale Friday. That compared with a surplus of just $200 million in the same month last year.

uk canada goose outlet Revenues came in $900 million higher in June, a jump of 3.8 per cent, thanks to increased collection of non resident income tax, excise taxes and duties, as well as increased employment insurance premiums. uk canada goose outlet

canada goose For the quarter from April through June, the government canada goose black friday sale recorded canada goose outlet cheap a surplus of $400 million, compared with a deficit of $2.6 billion in the same period of fiscal 2013 14 canada goose.

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