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An unexpected surge in Canadian GDP growth in January suggests the country has moved past a slowdown brought on by slumping oil prices and has some economists speculating that Canada’s economy could now outpace the U.S. for 2017.

Gross domestic product for January grew by 0.6 per cent, driven by a broad sweep of sectors, among them manufacturing, resources, wholesale goods and retail. On an annualized basis, January’s GDP was up 2.3 per cent. But January’s result continues a trend of hefty monthly gains that points to an even faster pace of growth.

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“The fireworks just went off for Canada,” said Avery Shenfeld, chief economist with CIBC World Markets Inc.

“Although it is still early days and risks abound, signs are pointing to an economy that looks increasingly poised to shake off the setbacks of recent years,” said Brian DePratto, senior economist with TD.

Growth was reported in 15 out of 20 major industries, Statistics Canada reported Friday. Leading the charge are sectors that make goods and services for export, such as manufacturing. That’s precisely the sort of activity the Bank of Canada has been hoping to see.