About: http://data.cimple.eu/news-article/48c87ba45d0e99e4808315c33a50c630b0de2d32298b7052d6be32c0

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About: http://data.cimple.eu/news-article/48c87ba45d0e99e4808315c33a50c630b0de2d32298b7052d6be32c0 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Canadian economic growth slowed to 0.3 percent in the last quarter of 2019, the government reported Friday, but still beat forecasts slightly. Gross domestic product (GDP) had been widely expected to fall to 0.2 percent from the previous quarter. Added to previous data, the annual growth rate last year fell to 1.6 percent from 2.0 percent in 2018, said Statistics Canada. The government statistical agency blamed several factors for the results, including pipeline shutdowns, poor harvest conditions, and rail transportation strikes in the last three months of 2019. Impacts from a US auto workers strike were also felt by Canada's motor vehicle and parts manufacturers, which rely on a highly integrated continental supply chain. And many businesses have been touched by "continued global trade tensions and market uncertainty," said Statistics Canada. A strong rise in Canadian spending on services, including on rent, food and drinks, airfare and telecommunications services, helped to stave off a potential shrinking of the economy, the agency said. But outlays on durable goods were flat. At the same time, the housing market softened, business investment fell (notably in aircrafts, trucks and buses), and export volumes fell for a second consecutive quarter while imports were down for a third quarter in a row. Export volumes, according to Statistics Canada, weakened substantially in farm and fishing products crude oil and bitumen, and passenger cars and light trucks. Declines in import volumes, notably of aircraft passenger cars and light trucks and industrial machinery, meanwhile, outpaced increases in imports, which included travel services and commercial services. amc/dw
schema:headline	Canada economic growth slows to 0.3% in Q4 2019
schema:mentions	Oil sands Supply chain Telecommunication Industry Volkswagen Car Pipeline transport Gross domestic product Canada Statistics Canada Data warehouse Price of oil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)

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