Canada GDP Growth Fuelled by Mining And Energy
(CP) -- OTTAWA - Real gross domestic product grew at an annualized rate of 3.9 per cent in the first quarter, after expanding 3.1 in the fourth quarter of 2010.
By comparison, real GDP in the United States grew 1.8 per cent in the first quarter.
All major industrial sectors, except for retail trade and arts, entertainment and recreation, increased their output.
Goods production rose 1.8 per cent while service-producing industries increased 0.7.
Manufacturing as well as mining and oil-and-gas extraction were the largest contributors to growth.
Construction, transportation and wholesale trade also recorded notable increases.