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Canadian economy contracts 1.6% in Q2 as tariffs hit, StatCan says

OTTAWA — The Canadian economy contracted in the second quarter under the weight of U.S. tariffs, Statistics Canada said Friday. Real gross domestic product declined 1.6 per cent on an annualized basis in the second quarter thanks to a sharp drop-off in exports and business investment. That’s down from annualized growth of two per cent […]


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