Economy shrank 0.3 per cent in August
Canda's economy shrank 0.3 per cent in August following hefty 0.7 per cent growth in July, in what is widely seen as the first in a series of monthly pullbacks.
The crisis-stricken Icelandic economy shrank by a record 6.5%in 2009, having grown by 1% in 2008 and 6% in 2007, official data showed today.