Thursday, August 28th19.5°C
22817

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.

The Canadian Press


Read more Business News

22439


Recent Trending




Today's Market
S&P TSX15602.65-16.56
S&P CDNX1019.343.98
DJIA17122.0115.31
Nasdaq4569.622-1.015
S&P 5002000.12+0.10
CDN Dollar0.9213+0.001
Gold1281.70-2.1001
Oil93.50-0.38
Lumber347.10-2.10
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.07+0.005
Anavex Life Sciences0.24-0.01
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining2.96-0.07
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 



22719

FEATURED Property
1897865414 Okaview Road
6 bedrooms 6 baths
$1,598,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_



22854




Member of BC Press Council


22707