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Uh-oh, Canada. China Pales as a Risk to U.S. Growth

The U.S. neighbor to the North could cool off momentum
Canadian Flag Displayed For A Photograph
Photographer: Scott Eells/Bloomberg

Canada probably experienced a technical recession in the first half of 2015, and the fact that the No. 1 U.S. export market is in a slump could spell bad news for growth in the world's biggest economy. 

Canada's gross domestic product contracted for a second quarter in the three months through June, a Sept. 1 report will show, according to almost all economists in a Bloomberg survey. The economy probably shrank by 1 percent, even worse than the 0.6 percent first-quarter drop.