WRAPUP 1-Canada's economy shrinks, cementing rate cut talk

Newswire

By David Ljunggren OTTAWA, April 30 (Reuters) - Canada's economy shrank unexpectedly in February, reinforcing an increasingly gloomy domestic outlook and cementing analysts' predictions that the Bank of Canada will cut interest rates again in June. Statistics Canada said on Wednesday that gross domestic product fell by 0.2 percent in the month, mostly because of weak performances from wholesaling and manufacturing. Retailers were hit by a new public holiday in Ontario, traditionally ...

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