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Canada economy posts longest expansion streak in 2 years
by Greg Quinn
Bloomberg Translate This Article
28 September 2012
On 28 September 2012 Bloomberg reported:
Canada's gross domestic product rose for a fifth straight month in July, the longest expansion streak in two years, on rebounds in manufacturing and retail sales and increased utilities output. The five consecutive months of growth is the longest since a yearlong streak that ended in August 2010. Overall output rose 0.2 per cent to an annualized C$1.29 trillion, Statistics Canada said, faster than the 0.1 per cent gain forecast in a Bloomberg News economist survey.
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