Canada’s economy shrank in the second quarter for the first time since the 2008-09 recession owing to a sharp deterioration in the foreign trade balance.
Statistics Canada reported on Wednesday that gross domestic product dipped at an annual rate of 0.4 per cent, adjusted for inflation, compared with 3.6 per cent growth in the first three months of the year.
Statistics Canada reported on Wednesday that gross domestic product dipped at an annual rate of 0.4 per cent, adjusted for inflation, compared with 3.6 per cent growth in the first three months of the year.
