Canadian GDP soars in July

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Economic growth in Canada jumped to 0.6% in July of this year to $1.54 trillion on the annual basis. Economists say that recovery was mainly caused by the end of construction strike in the county of Quebec and floods in Alberta. In June economy has lost 0.5%. Meanwhile, the Bank of Canada expects the country's economy to expand 3.8% in the third quarter after 1.7% growth in Q2.

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