Canadas economy grows faster than expected

first_imgCanada’s economy grows faster than expected Led by growth in manufacturing, finance and insurance, and wholesale trade Recommended For YouHong Kong retailers forecast sharp drop in sales as protests rock cityCorn and soybeans fall on better U.S. weather, crop reportAmazon offers $10 to Prime Day shoppers who hand over their dataEmirates to launch flights to Mexico City via BarcelonaAECOM to announce third quarter fiscal year 2019 results on August 6th The Canadian Press Email Sponsored By: Share this storyCanada’s economy grows faster than expected Tumblr Pinterest Google+ LinkedIn Comment advertisement OTTAWA — Statistics Canada says the economy grew 0.3 per cent in October, led by growth in manufacturing, finance and insurance, and wholesale trade.Economists had expected growth of 0.2 per cent, according to Thomson Reuters Eikon.The improvement followed a contraction of 0.1 per cent in September.Goods-producing industries increased 0.3 per cent after two monthly declines, while services-producing industries also grew 0.3 per cent, their strongest showing since May.In a separate report, Statistics Canada reported retail sales increased 0.3 per cent to $51.0 billion in October.Economists had expected an increase of 0.4 per cent. Reddit 0 Commentscenter_img What you need to know about passing the family cottage to the next generation More Facebook Join the conversation → Featured Stories Statistics Canada says the economy grew 0.3 per cent in October, led by growth in manufacturing, finance and insurance, and wholesale trade.Canadian Press ← Previous Next → December 21, 20188:59 AM ESTLast UpdatedDecember 21, 20189:05 AM EST Filed under News Economy Twitterlast_img read more