Canada’s GDP rises

Vancouver, March 29 (IANS) Canada’s real gross domestic product rose 0.2 percent in January after a 0.2-percent decrease in December, Statistics Canada said.

The growth was mainly driven by the growth in manufacturing, which expanded 1.2 percent in January, following a 1.9-percent decline in December, reported Xinhua.

Mining, quarrying and oil and gas extraction increased 0.2 percent in January, up for a fourth consecutive month. In contrast, the agriculture and forestry sector and construction declined.

The output of service industries was up 0.2 percent in January, mainly as a result of gains in wholesale trade, arts and entertainment, and the public sector, the agency said.

On the other hand, the finance and insurance sector and transportation and warehousing services were down.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.