So. The Conservative haters love to blame all the world's woes on Harper. How do ya suppose this will be spun?
Canada in midst of a growth spurt, will lead G7: OECD
OTTAWA A leading international think-tank says Canada will lead its peers in the G7 in economic growth during the first half of this year.
The Organization for Economic Co-operation and Development says the outlook for economic growth has brightened for all G7 countries, with the exception of Japan.
But the improvement has been most marked in Canada and to a lesser extent the United States.
“The outlook for growth today looks significantly better than it looked a few months back,” OECD chief economist Pier Carlo Padoan said in a statement.
“Growth perspectives are higher all across the OECD area, and the recovery is becoming self-sustained, which means there will be less need for fiscal or monetary policy support.”
Canada is now expected to grow by 5.2 per cent in the first quarter of 2011, and 3.8 per cent in the current second quarter.
Much of that growth has come from the resources sector in Western Canada and continued strength in the housing market in most parts of the country.
Germany is the next strongest economy, with growth rates of 3.7 and 2.3 per cent in the two quarters.
The loonie rose 0.39 of a cent to 103.75 cents US at midday Tuesday.
The Associated Press
