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April 30, 2015

After contracting in the past few months, due to falling oil and gas prices, February's GDP reamined unchanged and saw an uptick in retail trade. In the first quarter Canada's GDP is tracking close to zero.

The Bank of Canada predicts that most of the oil impact will occur in the first quarter of 2015, then there should be a gradual rebound in GDP, which likely will not see a further decrease in rates.

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