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Canada's Economy Accelerates to 2.9% in the Second Quarter
Canada’s economy grew at the fastest pace in a year in the second quarter as exports surged, though a slowdown in business investment may cast some clouds over the brighter economic picture. Gross domestic product expanded at a 2.9 percent annualized pace from April to June, faster than a 1.4 percent increase in the first quarter of 2018, Statistics Canada said in a report Thursday from Ottawa. Exports jumped by an annualized 12.3 percent, the biggest quarterly gain since 2014. Still, the numbers may be a slight disappointment as slowing business investment brought growth in below analyst forecasts -- a development ... (full story)
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