OTTAWA, Ont. — Canada’s gross domestic product (GDP) jumped 1.5 per cent in the first quarter, boosted by a slowdown of inventory depletion and a rebound of exports and manufacturing.
The pace of growth was more than twice that of the previous quarter, according to Statistics Canada, which adds the result was the nation’s best since the fourth quarter of 1999.
Final domestic demand gained a solid 0.9 per cent, after a flat fourth quarter. The chain price index for GDP also rose 0.9 per cent, halting two quarters of deflation. Economic activity paused late in the quarter, as GDP leveled off in March.
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