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Canada’s economy shrank for 2nd month in a row in May

Canada’s economy shrank for 2nd month in a row in May

Canada’s gross domestic product shrank by 0.3 per cent in May, the second consecutive monthly contraction as most industries slowed down. Statistics Canada reported Friday that most industries shrank, especially construction, manufacturing and retail. Even Canada’s red hot real estate sector shrank for the second month in a row. The real …

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