Market Commentary
Canadian 2nd Quarter Economic Report 2013
June 28, 2013 | Posted by: Francine Tracey
Summary courtesy of First National Financial...
April real GDP growth came in with a lacklustre 0.1% increase, indicating Q2 will not match Q1. Even though it's the fourth monthly gain it's unlikely the second quarter will match the 2.4% growth in the first three months of the year. The manufacturing sector, which had been expected to decline, showed a gain of 0.2%. Real estate agents and brokers squeezed out a gain of 1% as the housing market stabilized.