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Canada Strong against rest of G7

Economic Growth - Real GDP


The Organization for Economic Co-operation and Development (OECD) expects output growth in Canada to be strong in 2007 and 2008.

Productivity gains, strong business investment, technological innovation, moderate wage increases and a favorable exchange rate are keeping the economy competitive in world markets.

Source: OECD Economic Outlook, June 2007 (7/2007)

G-7 Countries: 2005 - 2008, GDP at Market Prices (Percentage)
Country Year
2005 2006 2007* 2008*
Canada 2.9 2.7 2.5 3.0
France 1.2 2.1 2.2 2.2
Germany 1.1 3.0 2.9 2.2
Italy 0.2 1.9 2.0 1.7
Japan 1.9 2.2 2.4 2.1
U.K. 1.9 2.8 2.7 2.5
U.S.A. 3.2 3.3 2.1 2.8
Total OECD 2.6 3.2 2.7 2.7

NOTES:
Figures for 2007 and 2008 are projections.



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