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Global markets: Canadian GDP above expectations

By Commodity News Service Canada

WINNIPEG, March 2 – The following is a glance at the news moving markets globally.

– Real gross domestic product (GDP) rose 0.6 per cent in the fourth quarter, following a 0.9 per cent increase in the third quarter. Final domestic demand continued to decelerate with ongoing weakness in business investment, Statistics Canada said in a report on Thursday.

Expressed at an annualized rate, real GDP rose 2.6 per cent in the fourth quarter. In comparison, real GDP in the United States grew 1.9 per cent, StatCan said.

That level is higher than analysts had expected, and puts 2016 growth ahead of 2015.

– US jobless claims in the week ending February 25 fell 19,000 to a seasonally adjusted 223,000, a 44-year-low, reports out of the country said on Thursday.

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