Canadian economy slows sharply as expected
The Canadian economy slowed sharply as expected in the fourth quarter of 2011, data showed on Friday. Statistics Canada said the slowdown was due to winding down of the government’s stimulus and fading previous positive conditions. GDP grew however in December compared o the previous month,
GDP annualized was down to 1.8% as expected from a revised 4.2% (previously 3.5%) while GDP m/m increased to 0.4% against a forecast for 0.3% from -0.1%.
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