Canada's GDP increases 0.3 pct in October


By Lin Wei

OTTAWA, Dec. 23 (Xinhua) -- Canada's real gross domestic product (GDP) increased 0.3 percent in October, following a 0.2 percent increase in September, Statistics Canada said Monday.

After four consecutive monthly declines, the goods-producing industries rose 0.9 percent, with mining, quarrying, and oil and gas extraction contributing the most to the growth in October, the national statistical agency said.

The services-producing industries edged up 0.1 percent, in large part due to increased activity in the real estate and rental and leasing sector. This was the fifth consecutive month of growth for the services-producing industries, the agency said.

Advance information indicates that real GDP decreased 0.1 percent in November. Decreases in mining, quarrying, and oil and gas extraction, transportation and warehousing, and finance and insurance were partially offset by increases in accommodation and food services and real estate and rental and leasing, said Statistics Canada.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

German parliament backs controversial military service law amid Russian threat
Indonesian military steps up relief efforts for flood-hit Sumatra; death toll above 860
Kremlin says Russia is encouraged by talks with US, ready to engage further
Russia says Ukrainian attack caused fire at Azov Sea port of Temryuk
Deadly cyclone dents Sri Lanka's peak tourism season
In Nigeria, anguish turns to anger for parents of kidnapped children
Video shows final, confused moments of survivors of U.S. boat strike in Caribbean, say sources
Deadly Sumatra flooding triggers memories of Indian Ocean tsunami
German parliament vote on pensions tests Merz's authority
Oprah Winfrey praises Australia's social media ban for children

Others Also Read