UPDATE 1-Canadian January GDP dips on weak car, home sales

Newswire

(Adds reaction, comment) By Gilbert Le Gras OTTAWA, March 31 (Reuters) - Canada's economy contracted 0.1 percent in January from December as consumers bought fewer homes and cars, Statistics Canada said on Wednesday, shattering analysts' growth expectations and piling up reasons for an April rate cut. "Much of the strength in the economy the last couple of years had been attributable to a consumer with an insatiable appetite for new homes and cars. This was not the case in January," ...

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