UPDATE 2-Canadian economy shrinks, on track for recession

Newswire

(Recasts lead, adds comments) By David Ljunggren OTTAWA, Dec 24 (Reuters) - Canada's economy shrank in October on declines in wholesale trade and manufacturing, paving the way for a recession that has been widely predicted by analysts and government officials. Statistics Canada said on Wednesday that the economy shrank by 0.1 percent in October from September, less than the 0.3 percent fall predicted by market analysts. Year on year, gross domestic product growth was an anemic 0.2 ...

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