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

Clearwater Winter Fest offers range of activities from Jan. 17 to 26

Clearwater’s Winter Fest is set to begin and will offer a range… Continue reading

Hockey lives in Clearwater

By K.A. Pendergast Modern day Hockey began reportedly in the 1500’s although… Continue reading

Barriere Secondary Sr. Girls Basketball play Kelowna tourney

Barriere Secondary School Senior Girls Basketball team headed off to Kelowna for… Continue reading

No more room to pile snow!

With all the snow the Barriere area has been getting the past… Continue reading

Canada to bolster screening of central China passengers for virus at 3 airports

Additional measures will include messaging on arrivals screens in Toronto, Montreal and Vancouver

Calls for dialogue as Coastal GasLink pipeline polarizes some in northern B.C.

Coastal GasLink is building the 670-kilometre pipeline from British Columbia’s northeast to Kitimat on the coast

Closed mills, housing surge support a positive forecast for lumber industries

B.C. lumber producers have closed mills accounting for 18% of province’s capacity, RBC report says

Good Samaritan pays part of rent for B.C. woman facing eviction in can-collecting dispute

Zora Hlevnjak, 76, supplements her pension by collecting cans and receiving public donations

Kelowna’s ‘Baby Mary’ finds biological parents after more than 30 years

Geneologist and DNA test helped her connect with her biological parents

Kelowna hotel to award couples for baby-making with Nooner deal

The deal includes a free stay every Valentine’s Day for the next 18 years

‘Scariest boat ride of my life’: Passengers trapped by ice on rocky B.C. ferry sailing

The Nimpkish docked in Bella Coola on Jan.12 coated in a thick layer of ice

B.C. pair ordered to pay $55,000 for oil tank discovered four years after selling home

Judge says defendants breached contract, despite being unaware of tank until basement flooded

Canada to give $25,000 to families of each Canadian who died in Iran plane crash

Prime Minister Justin Trudeau also made it clear that Canada still expects Iran to compensate victims

Most Read