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On a year-over-year basis, GDP rose 2.5% in February. Meanwhile, U.S. data released at the same time indicated the American economy rose 0.7% in the first quarter at a seasonally adjusted annual rate, or the slowest pace in three years. Even with February's flat reading, economists still expect Canadian GDP to expand by over 3% annualized in the first quarter. Continue Reading Below ADVERTISEMENT The Bank of Canada said earlier this month that recent momentum was due to temporary factors, and expected growth to slow starting in the middle of this year. Furthermore, uncertainty over U.S. trade
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