3rd Quarter Growth Ends Recession in Canada

As expected, Canada’s third quarter real Gross Domestic Product showed positive growth of 0.1 percent, officially ending the recession in Canada. The volume of imports and exports also increased during the quarter, and the output of services-producing industries increased 0.6 percent. Goods-producing industries however, fell 1.4 percent due mostly to temporary shutdowns in the mining and oil-and-gas extraction sectors.

The Canadian Press

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.