The Canadian economy grew slightly in October, with the latest data on real gross domestic product (GDP) coming in stronger than expected.
Statistics Canada says real gross domestic product rose 0.1% in October, beating its preliminary estimate that real GDP would remain unchanged for the month.
The federal agency says growth in service-producing industries, led by gains in the public sector, wholesale trade and customer service sectors, was partially offset by a decline in goods-producing industries.
According to Statistics Canada, the performing arts, spectator sports and heritage institutions industries grew 4.7% due to more than usual Toronto Blue Jays games for the October, in addition to a late start to the NHL preseason.
The agency says the slowdown in goods-producing industries in October was led by a decline in mining, quarrying and oil and gas extraction as well as a weakening in the manufacturing sector.
The initial estimate for November indicates that real GDP was essentially unchanged for that month, but the agency said the estimate would be updated next month.
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