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  • Writer's pictureStaff Writers

GDP rises in the second quarter

In the second quarter of this year, the gross domestic product in Canada rose 0.8%.

The increase was driven by increased business investment in inventories, non-residential structures, machinery and equipment, and household spending on services and semi-durable goods according to Statistics Canada.

This was the fourth consecutive quarterly increase in real GDP.

There was also some movement pertaining to household income. Incomes increased this quarter mostly due to higher compensation of employees. As a result, there was a rise in disposable income.


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