Home Breaking: Canadian economy contracts by 11.6% in April

Breaking: Canadian economy contracts by 11.6% in April

Updated: 30 Jun. 2020 | 14:32

Real Gross Domestic Product (GDP) in Canada contracted by 11.6% in April, the data published by Statistics Canada revealed on Tuesday. This reading followed March’s decline of 7.5% (revised from 7.2%) and came in slightly better than the market expectation for a fall of 13%.

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