Canada's GDP registers growth of 4.5% in second quarter
Household spending and exports contributed the maximum to the thumping growth of the GDP, 680 News reported.
The central bank also raised its rate from 0.5 to 0.75 in July citing the reason of strength of the economy, the report further said.
The report suggested that the exports increased from 0.4% in January-March to 2.3 in April-June.
Exports in good and services increased by 2.3% compared to 9.2% of export of energy products.
With the introduction of new Ontario tax on foreign buyers, the housing investments dipped by 1.2%.
Adding the 3.7% growth in the first three months of the calendar year, the combined growth of the first six months became the highest in 15 years.
(Reporting by Suman Das)
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