Canada economic growth contracts in first quarter

Canada's economy contracted in the first quarter, with annualized negative GDP growth of 0.6 percent following fourth-quarter growth of 2.2 per cent, Statistics Canada said on Friday. That was lower than analysts' forecasts for annualized growth of 0.3 percent. It was the first negative growth in real GDP since the second quarter of 2011. Following are seasonally adjusted figures for gross domestic product, in percent. With the exception of the price index data, they are adjusted for i