Statistics Canada

Statistics Canada: The Commerce Department said second-quarter growth was sharply higher than the initial 1.7 per cent rate it reported last month. And the growth this spring was more than double the 1.1 per cent rate from January through March, according to The Star. Meanwhile, Statistics Canada said Canadas current account deficit increased $1.1 billion, to $14.6 billion, in the second quarter on a seasonally adjusted basis and WASHINGTON The U.S. economy grew at a 2.5 per cent annual rate from April through June, much faster than previously estimated. The steep revision was largely because U.S. companies exported more goods and imports declined. The improvement in the trade deficit helped offset weaker government spending. Total imports of goods advanced $1.4 billion to $121.3 billion in the second quarter, while total exports of goods edged up $0.2 billion to $118.2 billion. (www.immigrantscanada.com). As reported in the news.