Although Canada has weathered the recession better than the U.S. by avoiding housing and credit meltdowns, the Canadian economy appears to be slowing down. When the Canadian central bank meets today, it may raise its lending rate for the third straight time, but that could be the last rate increase for a while, economists say. GDP growth decreased to 2% in the second quarter compared with almost 6% in the first quarter, with a slumping housing market and decreased consumer spending.

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