Canada's monthly gross domestic product rebounded from three months of contraction to grow by 0.2 per cent in July, as mining, manufacturing and wholesale trade boosted growth, data showed on Friday.

Canada's GDP had shrunk in the second quarter by 1.6 per cent annualized and economists were closely tracking the July GDP growth figure to get an indication of whether there will be a contraction in the third quarter.

Two consecutive quarters of contraction is co

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