Economy Shrank in May

Economy Shrank in MayThe economy shrank by 0.3 per cent in May, the second consecutive monthly decline, with slumps in mining, and oil and gas production leading the downturn, according to a report by Statistics Canada. The agency says the shrinkage comes on the heels of a stagnant April. The last rise in the real gross domestic product was the 0.3 per cent increase recorded in March. Mining, oil and gas extraction, manufacturing…

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