Real GDP up 0.5 per cent in January after December decline: StatsCan
OTTAWA - Statistics Canada says the economy grew by 0.5 per cent in January, which was more than expected.
Economists had estimated the Canadian economy grew by 0.3 per cent in January, following a 0.5 per cent decline in December.
The output of goods-producing industries grew 1.0 per cent in January, led by an increase in manufacturing and, to a lesser extent, in mining and oil and gas extraction and in construction.
The agriculture and forestry sector and utilities declined.
The output of service industries increased 0.3 per cent in January, with notable gains in retail and wholesale trade.
Read more Business News
- New cell tower?West Kelowna - 3:55 pm
- New Sockeye hatcheryPenticton / S. Okanagan - 2:23 pm
- Social media thwarts shoplifterPenticton / S. Okanagan - 1:59 pm
- Park ambassador suggestionsVernon / N. Okanagan - 1:56 pm
|QHR Technologies Inc||1.37||+0.05|
|Anavex Life Sciences||0.223||-0.0031|
|Copper Mountain Mining||2.66||-0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.29||-0.01|
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...