-
Gross domestic product by industry, October 2020
Real gross domestic product (GDP) grew for the sixth consecutive month, up 0.4% in October following a 0.8% increase in September. The upward movement of real GDP continued to offset the steepest drops on record in Canadian economic activity observed in March and April. Total economic activity was about 4% below February's pre-pandemic level. Both goods-producing (+0.1%) and services-producing (+0.5%) industries were up as 16 of 20 industrial sectors posted increases in October. Preliminary information indicates an approximate 0.4% increase in real GDP for November. Manufacturing, wholesale trade and finance and ... (full story)