UK climbs out of shallow recession – US-Israel pressure eases fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
OTTAWA (Reuters) -Canada's gross domestic product strongly rebounded in January exceeding expectations and February's preliminary estimates point to another expansion, data showed on Thursday, tempering pressure on the Bank of Canada (BoC) for an early rate cut. The economy grew by 0.6% in January, its fastest growth rate in a year, which the Statistics Canada called a broad-based expansion led by a bounce back in education services benefiting from an end of public sector strikes in Quebec. Analysts polled by Reuters had forecast a GDP growth of 0.4% on a month-on-month basis in January.
OTTAWA (Reuters) -The Canadian economy expanded at an annualized rate of 1.0% in the fourth quarter, exceeding expectations, data showed on Thursday, a result that should ease interest rate-cutting pressure on the central bank. Fourth-quarter gross domestic product (GDP) was higher than the Bank of Canada's (BoC's) expectation for zero growth and analysts' median forecast for an expansion of 0.8% growth. January GDP likely gained 0.4% from December, Statistics Canada said in a flash estimate.
Codelco Pays Heavy Price for Ramping Up Debt Burden to Fund Over-Budget Projects yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.