CANADA ECONOMY SHOWS SIGNS OF GROWTH

Dec 23, 2022

By Steve Kee

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Some good economic news today.

According to Stats Canada, our economy grew slightly in October with the latest reading on real gross domestic product coming in higher than expected.

The economy grew by 0.1 per cent, outperforming its preliminary estimate that real GDP would remain unchanged for the month.

There was growth in services-producing industries, led by gains in the public sector, wholesale and client-facing sectors, was partially offset by a decline in goods-producing industries.

The agency also added that the performing arts, spectator sports and heritage institutions industries grew by 4.7 per cent amid more Toronto Blue Jays games than usual in October and a late start to the NHL pre-season.

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