Canadian GDP growth slows in fourth quarter
(March 2, 2012) -- "The slowing in fourth-quarter 2011 GDP growth relative to the third quarter is disappointing; however, the monthly detail indicated that most of the slowing resulted from a drop in activity in November that was more than reversed in December," said Ferley. "This augurs well for growth in the first quarter of 2012 to bounce back to our current projection of a 2.5 percent annualized gain.