Real gross domestic product (GDP) edged up 0.1% in September. Goods-producing industries (+0.3%) led the growth with a first increase in six months, while services-producing industries were essentially unchanged. Overall, 10 of 20 industrial sectors increased. The manufacturing sector increased 0.9% in September, after contracting for three months in a row, as both durable and non-durable manufacturing grew. September's increase largely stems from higher inventory formation in the month. Non-durable manufacturing increased 0.8% in September as the majority of subsectors were up. Food manufacturing (+3.2%) led the ... (full story)

The Canadian economy contracted at an annualized rate of 1.1 per cent in the third quarter, underperforming expectations, but real GDP most likely edged up 0.2 per cent in October after a 0.1 per cent gain in September, Statistics Canada data showed on Thursday. The third-quarter reading came in below the 0.2 per cent increase forecast by analysts in a Reuters poll as well as the Bank of Canada’s (BoC) 0.8 per cent growth projection. Still, the economy avoided slipping into a technical recession – defined as two consecutive quarter-on-quarter contractions – because second-quarter GDP data was revised to 1.4 per cent ... (full story)