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Trading news
29 Jul 2016
Canada’s GDP falls 0.6% in May
Canada's gross domestic product declined 0.6% in May to CAD 1.65 trillion, marking the largest monthly drop since March 2009, Statistics Canada said Friday.
Expectations were for a 0.5% decline following previous month’s 0.1% increase.
According to Statistics Canada the overall decline in May was mainly due to lower non-conventional oil extraction.