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Canada: GDP Slips

29 April 2011

Canada’s real gross domestic product fell 0.2 percent in February after a 0.5 percent increase in January, Statistics Canada reported today. Manufacturing and, to a lesser extent, wholesale trade were the main sources of the decline.

Service producing industries were essentially unchanged as increases in retail trade, professional and financial services as well as in the public sector were offset by decreases in wholesale trade and transportation services.

Manufacturing fell 1.6 percent in February. The decrease in manufacturing led in a 0.6 percent decline in the goods-producing industries as well as a decline in transportation services.

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