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Global markets: US consumer spending stalls out in March

By Commodity News Service Canada

WINNIPEG, May 1 – The following is a glance at the news moving markets globally.

– US consumer spending held steady in March, according to reports out of the country on Monday.

Analysts has expected a 0.2 per cent increase.

– Canada’s real gross domestic product (GDP) by industry increased in eight provinces and two territories in 2016. GDP declined for the second consecutive year in Alberta and Saskatchewan, largely as a result of low oil and commodity prices. GDP also declined in Northwest Territories. Nationally, real GDP by industry rose 1.3 per cent in 2016, following a 0.9 per cent increase in 2015, Statistics Canada said in a report on Monday.

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