Canada’s economy grows faster than expected: Factories lead fastest economic growth in five months
“Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, while oil made an unexpected contribution as prices began to fall for Alberta crude.
Output grew 0.3 per cent in October, Statistics Canada said Friday from Ottawa, faster than the median forecast in a Bloomberg economist survey of 0.2 per cent.
Factory production expanded 0.7 per cent to make up most of the losses over the prior two months, while wholesaling climbed 1 per cent. The highest volume of trading since March 2016 on Canada’s benchmark stock exchange in Toronto also boosted the finance and insurance industry by 0.9 per cent.” Read more