New reports spell GDP trouble for U.S., Canada

(May 29, 2015) -- The second estimate of first-quarter 2015 gross domestic product growth in the United States was revised downward to a 0.7 percent annualized decline from the 0.2 percent increase reported in the advance estimate, RBC Economics reported. First-quarter 2015 GDP growth in Canada unexpectedly declined by an annualized 0.6 percent in the quarter following a downwardly revised 2.2 percent gain in the fourth quarter of 2014.