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First quarter growth in Canada fastest in six quarters
OTTAWA, May 31 () -- Canada's gross domestic product grew 0.6 percent in the first quarter, the fastest pace in six quarters, Statistics Canada reported Friday.The data agency said exports were the largest contributor to growth in the quarter. Export volumes rose 1.5 percent in the period.Consumer spending rose 0.2 percent in the quarter,[url=http://www.michaelkorsoutletstoress.com/]Michael Kors Outlet Online[/url], "sustained by higher spending on services," StatsCan said.Business investment in residential housing fell 1.2 percent, as the housing market "showed continued weakness," the agency said.Business investments in plants and equipment, termed capital goods,[url=http://www.michaelkorsoutletstoress.com/Michael-Kors-Shoulder-Bags-24/]Michael Kors Handbags Outlet[/url], rose 0.2 percent after a 1.3 percent gain in the fourth quarter of 2012.