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GDP (Q4 2015)

It underlines how bad things have become in Canada that the 0.8% annualised increase in fourth-quarter GDP, above the consensus forecast for no change, will be celebrated as some sort of economic renaissance. For 2015 as a whole, GDP increased by only 1.2%. The ongoing fallout from the commodity price collapse and the prospect of a slowdown in housing construction mean that this year GDP growth will probably be even weaker.

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