In October, GDP was unchanged over the previous month in seasonally adjusted terms, which was below both September's 0.2% rise and market expectations of an increase of the same magnitude. The output of goods-producing industries fell in October, led by declining utilities and construction. On the other hand, the output of service-producing industries ticked up, mainly driven by retail trade as well as finance, insurance and real estate services. On an annual basis, GDP expanded 2.7% in October (September: +3.0% year-on-year). Moreover, the trend continues to point downwards, with the annual average growth rate inching down from 3.1% in September to 3.0% in October. The Central Bank projects the economy to grow 2.0% in 2012 and 2.8% in 2013.
GDP stalls in October
December 23, 2011
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.