The Traderszone Network

Published in TZ Latest News 1 September, 2015 by The TZ Newswire Staff

Hit by cheap oil, Canada’s economy falls into recession

The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment. The confirmation on Tuesday of a modest recession will figure heavily into the election campaign as Canadians head to the polls Oct. 19 and poses a challenge to Conservative Prime Minister Stephen Harper, who is seeking a rare fourth consecutive term.

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