Global markets: Canadian GDP advances in March

WINNIPEG, May 31 (CNS Canada) – The following is a glance at the news moving markets globally.

– Canada’s gross domestic product increased in March, at a pace higher than analysts had expected, market watchers said on Wednesday.

According to Statistics Canada, the country’s real gross domestic product (GDP) increased 0.5 per cent in March, following no change in February. Growth was widespread across goods-producing and service-producing industries.

Goods-producing industries grew for the fourth time in five months, increasing 0.9 per cent in March, while service-producing industries rose 0.3 per cent in March and have grown continuously since September 2015, StatsCan said.

– In India, economic growth was weaker than analysts had expected, according to reports out of the region on Wednesday.

From January to March, gross domestic product advanced 6.1 per cent.

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