jdobbin Posted July 31, 2008 Report Share Posted July 31, 2008 (edited) http://www.ctv.ca/servlet/ArticleNews/stor...?hub=TopStories Economic activity throughout the country is continuing to move in a "seesaw" pattern, Statistics Canada reported on Thursday. It says Canada's real gross domestic product fell slightly in May after showing a modest rise in April.Canada's real GDP dropped 0.1 per cent in May after rising 0.4 per cent in the previous month, StatsCan reported. "There was a significant decrease in the energy sector in May. Declines were also recorded in finance, forestry, construction and wholesale trade," Statistics Canada said. Some of the analysts were a bit taken aback this morning about the drop. I think this probably mean an interest rate cut. It is probably too high relative to what we need for some sort of stimulus. Edited July 31, 2008 by jdobbin Quote Link to comment Share on other sites More sharing options...
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