2017 Quarterly Review

First Quarter Review

Statistics released at the end of the first quarter showed that the Canadian economy expanded at a stunning rate of 0.6% in January, the strongest one month result since 2011. The strength was broadly based with manufacturing, construction, mining and energy all showing impressive advances. To March 31, Canadian stocks have risen 1.7%.Oil prices have dropped 5.8% in 2017 with crude oil closing out the quarter at US$50.60 per barrel.

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