Canadian Economy Sees Growth


    Canada’s economy grew at an annualized 1.8 per cent in the second quarter, matching the rate of the previous quarter as strong business investment offset a small fiscal drag, says Statistics Canada. Business investment in plant and equipment advanced at a non-annualized rate of 2.3 per cent, the fastest pace since the second quarter of 2011. Inventories also grew. On a monthly basis, Canada’s economy grew by 0.2 per cent in June as goods production rose on strong mining and oil and gas extraction.