Canada’s October Economy Grew 0.1% on Oil Production
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Canada’s economy expanded for the first time in three months in October as increases in oil and gas production countered manufacturing declines.
Gross domestic product grew 0.1 percent to an annualized C$1.29 trillion ($1.30 trillion) after stalling in September and shrinking 0.1 percent in August, Statistics Canada said today in Ottawa. The increase matched the median forecast in a Bloomberg economist survey with 23 responses.