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Canadian April GDP Rises an Expected 0.1%

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jun 30, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The overall increase in April 2016 gross domestic product (GDP) was restrained by weakness in non-conventional oil extraction, which dropped by 7.3% in the month. This mainly reflected some maintenance shutdowns at upgrader facilities. We expect this component to sink further in May by 38%, reflecting the more massive shutdowns[​IMG]

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