• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Canada's GDP falls 0.1 per cent in October


December, 24 2019
watermark Economic news

Canada's economic indicators unexpectedly fell in October amid a sharp decline in manufacturing and retail sales.


According to Statistics Canada data, GDP in October fell by 0.1% compared with the previous month – to 1.975 trillion Canadian dollars ($ 1.5 trillion). This decline became the first in eight months. Analysts had forecast growth of 0.1% after rising 0.1% in September. In annual terms, the Canadian economy grew by 1.2%.


The most negative impact on the country's economy had a decline in manufacturing (by 1.4%) and in retail trade (by 1.1%).


Top Top