GDP growth slows in Canada - MoneySense

GDP growth slows in Canada

Second quarter real GDP growth is just half a percent.

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Real GDP growth in Canada slowed to 0.5% in the second quarter, compared with 1.4% in the first quarter, according to Advisor.ca. Nominal GDP rose by 2.9% annualized.

The reason given for the slowdown is reduced growth in consumer spending and lower business investment in residential structures.

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