Canada GDP contracted -7.2% in Mar, prelim data points to -11% decline in Apr

<p>Canada GDP tumbled a massive -7.2% mom in March, but was better than expectation of -9.0% mom. Overall, 19 of the 20 industrial sectors were down, contributing the monthly decline. StatCan also said that preliminary information indicates a further slump of -11% decline in real GDP in April. IPPI dropped -2.3% mom in April versus […]</p>
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