OTTAWA (Reuters) – The Canadian economy expanded at an annualized rate of just 0.4% in the first quarter, slightly worse than expected, although monthly growth in March was the highest in almost a year, Statistics Canada said on Friday.
Analysts in a Reuters poll had predicted annualized first quarter growth of 0.7% as the economy battles low oil prices and global trade tensions. The Bank of Canada is not predicting a recovery until the second half of 2019.
Household - Spending - Business - Investment - Machinery
Although household spending and business investment in machinery and equipment grew in...
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