CANADA

摘要

The national accounts painted an upbeat picture of activity during the first three months of this year. This contrasts with the moderation in the neighbouring US over the same quarter and sounds a warning over the Canadian outlook going forward. GDP north of the border rose by 2.9% (y-o-y), down slightly from the 3.3% pace set in Q4 2010. However, in q-o-q terms, growth picked up from 0.8% to 1.0% on the back of a jump in inventories. Investment in machinery and equipment also helped to buoy the economy, accelerating from an already strong 17.4% (y-o-y) expansion in Q4 to 19.6%.