Canada's GDP grew in the fourth quarter at its slowest pace in 2.5 years

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The economy of Canada shrank in December by 0.1%, just as in November, official statistics showed. Experts had not anticipated a change in the indicator. Regarding the last month of 2017, the economy of Canada showed an increase of 1.1%. Manufacturing companies reduced production by 0.7%. In the wholesale trade, an increase of 0.4% was observed. The results of the fourth quarter showed the GDP growth by 0.1% compared to the previous quarter, noting the lowest growth rates since the second quarter of 2016. Relative to the same quarter of the previous year, economic growth slowed to 0.4% from a 2% a quarter earlier. In the last quarter of last year, the minimum from 2015 increase in consumer spending was also recorded - by 0.7%.

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