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Canadian economy shows easing for the first time in 8 months


December, 24 2019
watermark Economic news

Canada's economic indicators unexpectedly fell in October amid a sharp decline in manufacturing and retail sales.


According to Statistics Canada data, GDP in October fell by 0.1% compared with the previous month – to 1.975 trillion Canadian dollars ($ 1.5 trillion). This decline became the first in eight months. Analysts had forecast growth of 0.1% after rising 0.1% in September. In annual terms, the Canadian economy grew by 1.2%.


The most negative impact on the country's economy had a decline in manufacturing (by 1.4%) and in retail trade (by 1.1%).


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.