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Global Markets: Canadian GDP up 0.1% in April

By Commodity News Service Canada

WINNIPEG, June 29 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Canada’s economy grew by 0.1 per cent in April, according to a report from Statistics Canada. The increase in gross domestic product beat trade expectations for a flat reading on the month and marked the third straight monthly rise.

– Bitcoin fell below US$6,000 on Friday, hitting its weakest level since November. The cryptocurrency is now down by about 70 per cent from its December highs.

– Newly elected Ontario Premier Doug Ford will be sworn into office Friday morning.

– Canada will reveal its final list of retaliatory tariffs on U.S. products on Friday. The tariffs, in response to U.S. tariffs on steel and aluminum, are set to go into effect on Sunday, July 1.

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