Canada GDP drops 3.4pc

By: Our Staff Reporter | March 03, 2009 |
OTTAWA (AFP) - Canada's GDP dropped 3.4 percent in the fourth quarter of 2008, the biggest quarterly decline since 1991, Statistics Canada said Monday.
Analysts had expected a 3.6 contraction in the fourth quarter.
The GDP fell 0.8 percent from the previous quarter, after a progressive monthly decline, Statistics Canada said in statement.

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