Some Professional Guidance On Picking Elements For Weight Chalk Canada

May 06, 2017

Canada The real estate sector, which expanded 0.5 percent, had its best one-month gain since 2015 as housing in Toronto soared. Economists surveyed by Bloomberg predicted a 0.1 percent gain in February, after a 0.6 percent jump in January. Key Points The recovery in goods production seen in recent months came to a halt in February, with those sectors recording a 0.3 percent decline in February after three straight months of gains. Manufacturers recorded a 0.6 percent decline in production, with the mining sector down 0.2 percent. On the upside, its all about real estate. The runaway housing market in Toronto was a major contributor to economic activity in February, fueling a 5.3 percent gain in output of real estate agents and brokers. Other sectors benefiting from the hot housing market was the finance and insurance sector as a whole, which posted a 0.7 percent gain. Construction was up 0.5 percent during the month. Gains in real estate and finance meanwhile are fueling demand for professional services like legal services. The professional, scientific and technical services component recorded a 0.5 percent increase, led by a 2.9 percent gain in legal services. From a year earlier, GDP is up 2.5 percent in February, the biggest gain since January 2015. Big Picture Canadas housing sector, particularly in Toronto, has become both the main driver of growth and one of the biggest sources of uncertainty amid concern the gains arent sustainable. Even with the stalled growth in February, Canada is still on pace to have a strong first quarter, with annualized growth estimated to be just below 4 percent.

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