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After shrinking for the second consecutive quarter, the Canadian economy is technically in a recession. Stats-Canada says the economy contracted at an annual pace of 0.5% in the second quarter of the year. That was a smaller decline than analyst estimates, but Statistics Canada says the first quarter shrank more than originally reported, with a revised decline of 0.8% rather than 0.6%. On the positive side, Canada's gross domestic product grew by 0.5% in June, after shrinking for five straight...


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