The Canadian Press: Real gross domestic product rose 3.3 per cent on an annualized basis in the second quarter, StatCan said. That was the fastest quarterly pace of growth since early 2023 and topped the Bank of Canada’s call for 2.5 per cent growth in the quarter.
BMO chief economist Doug Porter said in an interview that 3.3 per cent is a “solid result.” A typical quarterly figure over the past 20 years would see the economy growing at around two per cent annualized, he noted…