Economic growth stalled in Canada in the first quarter and real gross domestic product was slightly negative on an annualized basis, according to Statistics Canada.
Real GDP has declined for 2 consecutive quarters
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Economic growth stalled in Canada in the first quarter and real gross domestic product was slightly negative on an annualized basis, Statistics Canada said Friday.
Real GDP has now declined for two consecutive quarters — meeting the definition of a technical recession — although data paints a mixed picture of the economy.
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