Pension Pulse: Oh Canada! All Eyes Down South!
"Canada's economic recovery, which appeared so strong earlier this year, seems to have hit a rough patch.
The country's gross domestic product was unchanged in April from the month before, Statistics Canada said Wednesday.
Economists were expecting 0.2 per cent growth in GDP for the month.
That compared to a 0.6-per-cent GDP expansion in March.
It marked the first time in eight months that the Canadian economy did not expand and comes on the heels of 6.1- per-cent annualized growth in the first quarter of this year, the strongest expansion in more than a decade.
Statistics Canada said there was a 'large decline' in the retail sector in April, and lesser contractions in manufacturing and utilities, which were offset by gains in mining, wholesale, the public sector and construction."
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