Canada GDP report

By IBTimes Staff Reporter | August 31 2011 9:05 AM

Canada released the second estimate of the country's GDP, where the Canadian economy contracted in the second quarter by 0.4 percent that compared with the prior revised growth worth 3.6 while market suggest the economic growth have stagnated in a flat reading. June's GP estimates came out better than estimated growth of 0.1 percent at 0.2 percent compared with prior contraction back at May while compared with a year earlier, GDP expanded by 2.0%, unchanged from the prior revised growth and slightly up from the from median estimates of 1.9 percent.

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