Friday, 1 March 2013

Economy News Headlines - Yahoo! News: Canada economy grows 0.6 percent in the fourth quarter, shrinks in December

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Canada economy grows 0.6 percent in the fourth quarter, shrinks in December
Mar 1st 2013, 13:37

(Reuters) - Canada's economy grew at a sluggish pace in the fourth quarter as expected, advancing at an annual rate of 0.6 percent, roughly the same as in the third quarter as a sharp drop in inventory accumulation offset advances in household spending and business investment, Statistics Canada said on Friday. Exports bounced back following a 1.9 percent dip in the third quarter, edging up 0.3 percent on energy and farm and fishing products, while imports fell by 0.3 percent, the first decrease since the third quarter of 2011. On a monthly basis, Canada's economy contracted by 0. ...

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