Canada's GDP fell by 0.1% in September


The Canadian economy in September reduced the volume after a 7-month continuous growth. As shown by Statistics, Canada's GDP fell by 0.1% from the previous month to 1 trillion 942 billion Canadian dollars, while experts had expected it to increase by 0.1%. In annual terms, the Canadian economy grew by 2.1%. The fall in production in September was recorded in the manufacturing industry and wholesale trade, where the figure fell by 0.7%. At the same time, retail trade showed a monthly growth of 0.4% after its index decreased by 0.3% in August. Statistics for the third quarter show GDP growth of 0.5% compared with the second quarter and 2% compared to the same period last year.

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