WRAPUP 1-Canada July GDP growth fast, but likely fleeting

Newswire

By Louise Egan OTTAWA, Sept 30 (Reuters) - Canada's economy dazzled in July with the biggest expansion since 2004, but economists called the news "ancient history" and predicted sliding growth rates from now on due to the global financial crisis. In figures pointing to a much stronger than expected start to the third quarter, Statistics Canada said on Tuesday that the economy grew 0.7 percent in July, thanks primarily to a surge in crude oil and natural gas production. That was more ...

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