Canada officially in recession in first half of 2015

Ottawa (AFP) - Canada fell into recession in the first half of the year, posting its weakest results since the 2008 global financial crisis, government data confirmed Tuesday.

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The figures add to escalating fears about the health of the global economy, with world stock markets plunging farther on Tuesday as more gloomy evidence emerged of China's economic slowdown -- China has been a major engine of global growth. The grim numbers were also bad news for Conservative Prime Minister Stephen Harper, just weeks before elections. More...