Canada's GDP up 0.4 percent in second quarter

Aug. 30, 2013 at 10:21 AM

OTTAWA, Aug. 30 (UPI) -- Canada's gross domestic product expanded 0.4 percent in the second quarter, Statistics Canada said Friday.

Household consumption rose 0.9 percent with a 3.2 percent increase in spending on durable goods, items expected to last three years or more.

Spending on services rose 0.7 percent, StatsCan said.

Government spending climbed 0.6 percent for a fourth consecutive quarterly gain.

Investment in commercial structures dropped 0.6 percent while spending on intellectual property products shrank 2.3 percent.

Exports climbed at a slower pace than the first quarter with growth of 0.2 percent from 1.3 percent.

Imports were up 0.4 percent after a gain of 0.6 percent in the first quarter, StatsCan said.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting