Canadian account deficit narrows; U.S. GDP growth lowered

(May 30, 2013) -- Canada’s current account deficit narrowed by a modest $0.5 billion to $14.1 billion in the first quarter of 2013. U.S. first-quarter 2013 annualized GDP growth was 2.4 percent, slightly less than the 2.5 percent expected. U.S. initial jobless claims also increased by 10,000 to 354,000 in the week ended May 25, 2013.