“Real gross domestic product (GDP) grew 0.3% in the first quarter, following an increase of 0.4% in each of the previous two quarters,” Statistics Canada reported on Thursday. Below are key takeaways from the official press releases. Final domestic demand rose by 0.5%. Growth was moderated by a deceleration in household spending, lower exports of non-energy products and a decline in housing investment (-1.9%). Household spending grew 0.3%, the slowest pace since the first quarter of 2015. Household spending on goods was unchanged, following 11 consecutive quarterly increases. Export volumes rose 0.4% after increasing 1.0% in the fourth quarter of 2017. Exports of crude oil and crude bitumen (+9.9%) largely contributed to the gains. Expressed at an annualized rate, real GDP was up 1.3% in the first quarter. In comparison, real GDP in the United States grew 2.2%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD retreats from weekly tops on upbeat US data FX Street 5 years "Real gross domestic product (GDP) grew 0.3% in the first quarter, following an increase of 0.4% in each of the previous two quarters," Statistics Canada reported on Thursday. Below are key takeaways from the official press releases. Final domestic demand rose by 0.5%. Growth was moderated by a deceleration in household spending, lower exports of non-energy products and a decline in housing investment (-1.9%). Household spending grew 0.3%, the slowest pace since the first quarter of 2015. Household spending on goods was unchanged, following 11 consecutive quarterly increases. Export volumes rose 0.4% after increasing 1.0% in the fourth quarter of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
