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Gross domestic product by industry, March 2018
Real gross domestic product (GDP) rose 0.3% in March as 15 of 20 industrial sectors grew, led by the mining, quarrying, and oil and gas extraction sector. Chart 1 Chart 1: Real gross domestic product rises in March Real gross domestic product rises in March Chart 1: Real gross domestic product rises in March The output of goods-producing industries expanded 0.6%, mostly attributable to mining, quarrying, and oil and gas extraction. Manufacturing edged up while construction edged down. Services-producing industries were up 0.2%, as increases in most sectors more than offset a decline in the finance and insurance ... (full story)
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Statistics Canada says the pace of economic growth slowed in first quarter
From business.financialpost.com
The pace of economic growth in Canada slowed in the first quarter of this year as housing investment pulled back amid new mortgage stress test rules. Statistics Canada says the economy grew at an annualized pace of 1.3 per cent for the first three months of the year. That compared with an annual pace of 1.7 per cent in the final three months of 2017. Economists had expected growth to come in at an annualized rate of 1.8 per cent for the first quarter of 2018, according to Thomson Reuters Eikon. The weaker-than-expected result came as investment in housing fell 1.9 per cent in the quarter, the largest decline since ... (full story)
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