Fabricator Mike Caldarino uses a grinder on a steel stairs being manufactured for a high school in Redmond, Wash., at George Third & Son Steel Fabricators and Erectors, in Burnaby, B.C., on March 29, 2018. Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September. Statistics Canada says that October’s decline in GDP was the first in eight months. THE CANADIAN PRESS/Darryl Dyck

Canada’s GDP falls 0.1 per cent in October: Statcan

Statistics Canada says that October’s decline in GDP was the first in eight months

Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September.

Statistics Canada says that October’s decline in GDP was the first in eight months.

Economists had projected a flat GDP report for October compared with September, according to financial markets data firm Refinitiv.

Statistics Canada says the month included the biggest decline in retail trade since March 2016.

There were also declines in wholesale trade and manufacturing.

Those declines were only partly offset by an advance in the mining, quarrying and oil and gas extraction sector as well as transportation and warehousing services.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Tofino’s Race for the Blue fishing derby casts philanthropic net

‘Thankful Thursday’ garners over 7,200 cans of tuna for local food banks

Tofino General Hospital Foundation raising funds for new equipment

“The doctors and nurses are worked off their feet.”

Surfrider Pacific Rim: Flash Clean Fridays

Grab your reusable gloves, bags and buckets and join Surfrider Pacific Rim’s newest initiative.

Tla-o-qui-aht First Nation says more resources needed to keep Tribal Parks open during pandemic

Tribal Park Allies program needs more buy-in from Tofino businesses.

Tofino mayor Josie Osborne seeks B.C. NDP nomination for Mid Island-Pacific Rim

Longtime B.C. NDP MLA Scott Fraser announced on Monday that he will not be seeking reelection

3 new deaths due to COVID-19 in B.C., 139 new cases

B.C. confirms 40 ‘historic cases,’ as well

Supreme Court Justice Ruth Bader Ginsburg dies at 87

The court’s second female justice, died Friday at her home in Washington

Comox Valley protesters send message over old-growth logging

Event in downtown Courtenay was part of wider event on Friday

Application deadline for fish harvester benefits program extended

Those financially impacted by the pandemic have until Oct. 5 to apply

Emaciated grizzly found dead on central B.C. coast as low salmon count sparks concern

Grizzly was found on Gwa’sala-‘Nakwaxda’xw territory in Smith Inlet, 60K north of Port Hardy

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

VIDEO: B.C. to launch mouth-rinse COVID-19 test for kids

Test involves swishing and gargling saline in mouth and no deep-nasal swab

Young Canadians have curtailed vaping during pandemic, survey finds

The survey funded by Heart & Stroke also found the decrease in vaping frequency is most notable in British Columbia and Ontario

B.C. teachers file Labour Relations Board application over COVID-19 classroom concerns

The application comes as B.C.’s second week of the new school year comes to a close

Most Read