Canada’s gross domestic product expanded by 0.1 per cent in October, as growth in the service sector was barely enough to offset shrinkage in goods-producing industries.
GDP report shows clear signs of economic slowdown
CBC News ·
Canada’s gross domestic product figures are showing clear signs of economic slowdown. (Roman Sigaev/Shutterstock)
Canada’s gross domestic product expanded by 0.1 per cent in October, as growth in the service sector was barely enough to offset shrinkage in goods-producing industries.
Statistics Canada reported Friday that the GDP figure for October was a slowdown from 0.2 per cent growth seen the previous month. And early numbers for November suggest no growth at all.
The service sector has grown for six months in a row while the goods sector has contracted for four months in a row, the data agency said.
