Tue, 01 Sep 2015 15:00:10 GMT
Canadian economy shrinks in second quarter less than estimated
Canada's GDP contracted in Q2 of this year, making it the second consecutive shrinking in a row. GDP in Canada shrunk 0.5% in Q2, while previous quarter's drop of 0.6% was revised down to a 0.8% decline. Despite the negative growth, the second quarter's decline is better than estimated 1% contraction. Additionally, GDP for June climbed 0.5%, the fastest growth