Canada first quarter GDP seen short of central bank forecast

OTTAWA (Reuters) - The Canadian economy probably expanded at a significantly slower rate in the first quarter than the Bank of Canada had predicted in January, and in fact its spare capacity may have risen, a Reuters survey of analysts showed on Friday. The median forecast of an annualized growth rate of 1.8 percent compared with the central bank's 2.5 percent forecast and matched the lukewarm fourth quarter rate. The Bank of Canada has estimated that the growth in economic capacity rises by 2 percent a year, so any economic growth below that rate means a wider output gap. ...

Source: http://news.yahoo.com/canada-first-quarter-gdp-seen-short-central-bank-211351376--business.html

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