BCREA ECONOMICS NOW
Canadian Monthly GDP Growth - October 31, 2012
The Canadian economy contracted 0.1
per cent in August, following 0.2 per cent growth in July. Declining industry
output was registered mainly in the goods production sector due to weakness
in mining and oil and gas extraction and manufacturing. Declines were also
registered in utilities and construction. Output in the services sector was
unchanged as increases in wholesale trade, transportation and the public
sector were offset by declines in real estate activity, retail trade and
finance and insurance.
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BCREA Economics Now
Blog by Century 21 Amos Realty | November 1st, 2012