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The Canadian economy roared into the new year, growing at an annualized rate of 2.3 per cent in January, Statistics Canada reported on Friday.

For the month, gross domestic product grew by 0.6 per cent, double the market consensus prediction of 0.3 per cent, the same as in December.

That continues the rapid pace seen in the fourth quarter of 2016, when the economy expanded by 2.6 per cent, and it has some economists revising their estimates for this year's Canadian growth upwards.

The manufacturing sector had the strongest performance in January, expanding by 1.9 per cent, led by growth in fabricated metal, non-metallic mineral and wood product manufacturing.

But there was widespread growth across both goods and services production, Statistics Canada reported, with wholesale trade, the retail sector, construction, mining and oil and gas all on the upswing.

With the exception of October, gross domestic product has risen every month since June 2016.

http://www.cbc.ca/news/business/gdp-growth-january-1.4049204

Canadian GDP has 'rip-roaring' start to the year, prompting economists to sweeten outlook The Canadian economy roared into the new year, growing at an annualized rate of 2.3 per cent in January, Statistics Canada reported on Friday.

http://askmigration.com/canada-hiring-more-filipinos-to-fill-out-14000-job-vacancies/

Canada hiring more Filipinos to fill out 14,000 job vacancies – ASKMigration.com

After a rough 2016, a currency prognosticator at a major investment bank says he expects more pain for the Canadian dollar next year, predicting a low of around 65 cents US in the next 12 months.

David Doyle of Macquarie Capital Markets Canada Ltd. says two major factors are going to conspire to drag the loonie almost 10 cents lower than its current level of around 74 cents US over the next year: interest rates and the price of oil.

The biggest factor in Doyle's analysis is the sudden divergence in monetary policy between Canada and the United States. In the U.S., the Federal Reserve hiked its benchmark interest earlier this month and is signaling that it expects to do so again at least three more times next year.......http://www.cbc.ca/news/business/dollar-loonie-prediction-1.3909519

Get ready for a 65-cent loonie next year, investment bank predicts After a rough 2016, a currency prognosticator at a major investment bank says he expects more pain for the Canadian dollar next year, predicting a low of around 65 cents US in the next 12 months.

Ottawa has eliminated the notorious “4-in-4-out” rule that kicked out migrant workers after four years, ending what some critics call the “revolving door” of indentured labour to Canada.
“In many ways, the four-year rule put a great deal of uncertainty and instability on both temporary workers and employers. We had the sense that it was an unnecessary burden on applicants and employers, and also on officers who process applications,” Immigration Minister John McCallum said in a news release posted late Tuesday.
“We believe this important recommendation . . . requires rapid action, which we are taking today.”
The former Tory government introduced the rule in 2011 to ban migrant workers from returning to Canada for four years after they worked here for four.

Ottawa ends ‘4-in-4-out’ rule for migrant workers | Toronto Star Liberal government eliminates notorious rule that kicked out migrant workers after four years, ending what critics dubbed the ‘revolving door’ for indentured labour to Canada.