Canada's economy sailed above expectations in the first quarter. The better-than-expected growth came with a big asterisk (it was driven by U.S. tariff front-running), but it was welcome nonetheless.
- Headline GDP rose 2.2% annualized in Q1 (est. 1.7% | prior [Q4] 2.1%)
- April GDP (advanced estimate) rose 0.1% m/m (est. -0.3% | prior 0.1%)
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