The Canadian economy contracted by 1.6% quarter/quarter annualized (q/q, AR), a steeper decline than expected by consensus, but nearly bang-on our updated tracking. The first quarter was revised slightly lower (+2.0% q/q from +2.2 q/q). Looking ahead to the third quarter, the flash estimate for July showed a 0.1% monthly increase, after a 0.1% month/month […]The post Canada’s GDP Contracts in the Second Quarter appeared first on Action Forex.