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

RCMP seek public’s help in identifying suspects responsible for keying cars in Castlegar

At least three cars have been keyed in north Castlegar in the last 24 hours

Young farmers find a home through land-matching program

Young Agrarians links would-be farmers with landowners who have land to spare

Morning start: A history of the Arrow Lakes

Here is your Kootenays’ morning start for Wednesday, May 27

Castlegar residents can now report minor crimes to RCMP online

New reporting tool available for Castlegar, Robson, Ootischenia, Thrums, Deer Park, Glade, Tarrys

B.C. legislature coming back June 22 as COVID-19 emergency hits record

Pandemic restrictions now longer than 2017 wildfire emergency

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

B.C.’s essential grocery, hardware store employees should get pandemic pay: retail group

Only B.C.’s social, health and corrections workers are eligible for top-ups

COLUMN: Canada needs to remember rural communities as thoughts turn to pandemic recovery

Small towns often rely on tourism, which has been decimated by COVID-19

Edmonton, Vancouver and Toronto vying to be NHL hubs, but there’s a catch

The NHL unveiled a return-to-play plan that would feature 24 teams

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

Nanaimo senior clocked going 50 km/hr over limit says her SUV shouldn’t be impounded

RCMP say they can’t exercise discretion when it comes to excessive speeding tickets

Illicit-drug deaths up in B.C. and remain highest in Canada: chief coroner

More than 4,700 people have died of overdoses since B.C. declared a public health emergency in early 2016

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

Most Read