UPDATE 1-Canadian August GDP slumps on power outage


(Adds currency market reaction, details) By Gilbert Le Gras OTTAWA, Oct 31 (Reuters) - Canada's economy contracted 0.7 percent in August after August's Ontario power outage idled factories and kept tens of thousands of people away from work. Statistics Canada said on Friday that the decline in gross domestic product -- a broad measure of economic output -- was even steeper than in September, 2001, when output fell 0.6 percent after the Sept. 11 attacks in the United States. Statscan ...

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