30-01-2015 16:06 via news.yahoo.com

Canada GDP shrinks, stirring talk of another rate cut

By David Ljunggren OTTAWA (Reuters) - Canada's economy unexpectedly shrank by 0.2 percent in November, prompting market talk that the Bank of Canada will cut interest rates in March for the second time in six weeks. Gross domestic product shrank on weaker manufacturing, mining and oil and gas extraction, Statistics Canada said on Friday. Last week the central bank shocked markets by lowering its key interest rate to counter plunging oil prices that have cut economic growth in this oil-expor
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