Real gross domestic product (GDP) was essentially unchanged for a third consecutive month in October. Services-producing industries edged up 0.1%, while goods-producing industries were essentially unchanged, with the 20 industrial sectors evenly split between increases and decreases. The manufacturing sector decreased for the fourth time in five months, contracting 0.6% in October, with declines for the month largely concentrated in durable goods manufacturing (-1.3%) as machinery manufacturing and transportation equipment manufacturing contributed the most to the decline. Non-durable goods manufacturing edged up ... (full story)

Canadian economic output was flat for a third straight month in October as a rise in retail sales was countered by continued weakness in manufacturing and a further drop in wholesale trade. Gross domestic product, a broad measure of goods and services produced across the economy, was essentially unchanged from the month before at 2.208 trillion Canadian dollars, the equivalent of $1.662 trillion, Statistics Canada said Friday. Economists were expecting GDP to rise 0.2% for the month, according to economists at TD Securities, after a downwardly revised flat reading for September. On a one-year basis, GDP increased ... (full story)