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

US judge orders Pentagon to restore press access
Cuban president urges US dialogue without conditions of political change - NBC interview
Starmer, Trump discussed opening Strait of Hormuz, Downing Street says
Trump tells MS Now he did not 'know anything about' Melania's statement
Armenia, Kazakhstan discuss rail connectivity, regional trade
Hormuz transit remains low, strait still under tight control after ceasefire: report
U.S. stocks close higher
Flash: Putin announces Orthodox Easter ceasefire
Russia's Putin announces Orthodox Easter ceasefire, expects Ukraine to do the same
Melania Trump's full remarks on Jeffrey Epstein

Others Also Read