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Canada’s Economy Is on Track to Emerge From a Soft Patch

Selva in Markets & Trading

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Selva    + 252

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Canada’s economy rebounded more than economists forecast in February, a reassuring sign the nation is poised to emerge from a recent soft patch in growth. Gross domestic product expanded 0.4 percent during the month following a 0.1 percent contraction in January, Statistics Canada reported Tuesday in Ottawa. Economists anticipated a 0.3 percent gain. The gains were due to idled oil and auto production coming back on line.

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