Nunavut led territories in economic growth in 2011: StatsCan

POSTMEDIA NEWS

OTTAWA — Every province in Canada saw economic growth last year, according to a report released by Statistics Canada on Friday.

The fastest rising economy was in Alberta, where gross domestic product expanded by 5.2 per cent in 2011, the federal agency said.

The most extreme rates of economic growth or shrinkage were seen in the territories, where the relatively small size of economies make them more subject to large swings.

The economy in Nunavut expanded 7.7 per cent, was 5.6 per cent bigger in the Yukon, but contracted 5.5 per cent in the Northwest Territories.

The national economy grew 2.6 per cent in 2011 compared with a 3.4 per cent expansion in 2010, according to this release from Statistics Canada on Friday. This measure is based on combined output by all industries.