Canadian GDP growth cut in half from 4Q to 1Q

(May 30, 2014) -- Annualized first quarter 2014 gross domestic product growth in the Canadian economy slowed more than expected to 1.2 percent from a 2.7 percent increase in fourth quarter 2013. Personal consumer expenditures in the United States fell by 0.1 percent in April, contrary to expectations for a 0.2 percent gain.