Canada’s economy grew at an annualized rate of 2.2 per cent during the first quarter.
Statistics Canada said the growth was primarily driven by exports, coinciding with the U.S. tariffs.
Higher imports and weak residential structure resale activity tempered overall growth, it said.
Growth in household spending slowed to 0.3 per cent, down from 1.2 per cent the previous quarter.
Increases in rental fees for housing and financial services were almost offset by lower spending on passenger vehicles.
Meanwhile, real GDP edged up 0.1 per cent in March after contracting 0.2 per cent in February.
Goods-producing industries led the growth, driven by a rebound in the mining, quarrying, and oil and gas extraction and construction sectors.
