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The drop was largely due to contraction in the goods and services sectors. Analysts had predicted that growth would dip by 0.2 per cent ahead of the release.
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Santa came with another positive surprise for the US, but despite the snow, there wasn't any Christmas miracle for Canada.
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The U.S. and Canada have long enjoyed an unusually close economic relationship, with integrated supply chains, aligned ...
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Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed today.