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Canada Economy - August 2015

Source: OPEC 8/20/2015, Location: North America

In Canada, the slow-down of the US economy and declining income from the energy sector has been felt considerably and even slightly more than previously anticipated. Given the challenges in the resource sector, mining, oil and gas extraction - growth declined by 6.2% y-o-y in April and by 5.9% y-o-y in May, the latest available number - the GDP forecast for 2015 has been revised down slightly again to now stand at 1.5%, compared to 1.6% in the previous month. Growth in the coming year is expected to be only slightly higher at 2.0%, unchanged from last month.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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