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29 Feb

Canada mining output expands but GDP growth flat

Canada's GDP was flat in December, with gains in mining output partially offset by a decline in construction output, Kallanish learns from data gathered by Statistics Canada. According to the organisation's latest report, mining activity was up for the third consecutive month with a 1.5% month-on-month gain. Contributing to that gain was a 4.9% m-o-m increase in iron ore mining activity. Meanwhile, construction output declined 0.7% on the month in Decemb…
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