Friday, April 29, 2011

Canada's economy declines in February -- even one of the world's safest economies is now feeling the pressure; is this a sign?

Canada's economy declined 0.2 per cent in February, hurt by a decline in manufacturing and wholesale trade.

Statistics Canada said the economy declined in the month following a rise of 0.5 per cent in January.

The economy fell to a seasonally adjusted annual rate of $1.26 trillion in February, Statistics Canada said. This was weaker than expected by economists, who expected no change. (read more)

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