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News Wrap | Scott Dawson
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Canada’s hot economy tops forecasts

The Canadian economy expanded by a stronger-than-expected 6.1 per cent in the first quarter, the biggest increase in a decade, boosted by a hot housing market and consumer spending. Read more

TSX, dollar up on strong GDP report

A report showing strong economic growth in Canada pushed the Toronto Stock Exchange higher Monday.The S&P/TSX composite index was up 46 points, or 0.4 per cent, to 11,717 at mid-morning. Read more

Mortgage debt surges as economy picks up steam

Canada’s economy is on fire, surging 6.1 per cent in the first quarter at an annualized pace. As a measure of comparison, that compares to 4.9 per cent in the fourth quarter of last year, and just 3 per cent in the United States in the first quarter. Read more