Posted AT 9:35 AM EDT on 30/04/08
Canadian economy rattled
Weakness in manufacturing and wholesale trade undermined Canada's economy in February, leading to a 0.2 per cent contraction compared to a month earlier – a much poorer performance than economists' expectations of a 0.2 per cent expansion.
“Very little to cheer about in February,” said Stewart Hall, market strategist with HSBC Securities Canada Inc.
The February contraction means that over the past three months, Canadian economic activity declined 0.
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