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GDP weak but positive signs lurk under the surface Add to ...

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Statscan’s release of Canadian gross domestic product showed weak growth, as expected, but positive signs were visible just below the surface.

December saw the Canadian economy contract by 0.2 per cent, in line with economist estimates, and total fourth-quarter growth was reported at 0.6 per cent annualized. Some of investors’ worst fears failed to materialize. Fourth-quarter consumer spending rose 2.7 per cent, which was only marginally lower than the third quarter’s advance of 2.8 per cent.

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