91.5FM
91.5HD2
8.85 c91.5 FM
91.5 HD2
Statistics Canada reports economy grew 0.4 per cent in October
BY , Dec 23, 2020 6:36 PM - REPORT AN ERROR
A customer shops at a meat counter in a grocery store in Montreal, on Thursday, April 30, 2020. THE CANADIAN PRESS/Paul Chiasson
A customer shops at a meat counter in a grocery store in Montreal, on Thursday, April 30, 2020. THE CANADIAN PRESS/Paul Chiasson
Statistics Canada says real gross domestic product grew 0.4 per cent in October, its sixth consecutive month of growth.
The increase followed growth of 0.8 per cent in September.
Economists had expected an increase of 0.3 per cent for October, according to financial data firm Refinitiv.
Both goods-producing and service-producing sectors were up overall in October, but Statistics Canada report notes declines in manufacturing and food services.
Despite the growth, the Canadian economy remains about four per cent below where it was prior to the COVID-19 pandemic.
Statistics Canada says its preliminary estimate for November indicates growth of 0.4 per cent for the month.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
