Canada's Flaherty says GDP data a good sign

Newswire

OTTAWA, Aug 31 (Reuters) - Canadian Finance Minister Jim Flaherty said second-quarter economic growth figures released on Tuesday showed the economy was on track, even though the pace of growth slowed sharply from the first quarter. "Today's GDP numbers show that Canada's economy is on the right track," Flaherty said after Statistics Canada reported a weaker-than-expected annualized growth rate of 2.0 percent, down from 5.8 percent in the first quarter. "Although Canada is experiencing ...

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