GDP up in United States and Canada

(July 31, 2013) -- The first estimate of second-quarter 2013 annualized gross domestic product (GDP) growth of 1.7 percent in the United States was much stronger than the 1.0 percent expected by financial markets, RBC Economics reported today. In May 2013, real GDP in Canada increased by 0.2 percent and continued the streak of gains recorded since January.