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Canada’s economy eked out 0.1% growth in October and stalled in November, Statscan says | CBC News

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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

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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.

More to come.

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