The latest economic data from Canada shows that it is inching toward recession, after its economy posted its fifth straight month of contraction.
Statistics Canada revealed on July 31 that the Canadian economy shrank by 0.2% on an annualized basis in May, perhaps pushing the country over the edge into recessionary territory for the first half of 2015.
Canada is on the verge of a recession - Aug. 4, 2015
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