UPDATE 3-Canada's August GDP down, hits growth predictions

Newswire

* August GDP down 0.1 percent on lower oil, gas extraction * Huge growth needed in September to meet bank's forecast * Canadian dollar sinks on news (Adds comments by opposition Liberal party) By David Ljunggren OTTAWA, Oct 30 (Reuters) - Canada's gross domestic product shrank by 0.1 percent in August, casting doubt on whether the country climbed out of recession in the third quarter and making official growth projections all but impossible to reach. Analysts polled by Reuters had ...

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