Salient to Investors:

Canada, the 11th largest economy, is being hobbled by weak global demand.

Avery Shenfeld at CIBC World Markets said the Canadian numbers show no silver lining whatsoever.

Robert Kavcic at Bank of Montreal said as bad as the headline was, there was not much below the surface to make it better, and is suspicious of the improvements in the job market in the last 4 months.

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