City
Epaper

Canada's economy rises 0.7% in Q3

By IANS | Updated: November 30, 2022 15:15 IST

Ottawa, Nov 30 Canada's real gross domestic product (GDP) rose 0.7 per cent in the third quarter, the ...

Open in App

Ottawa, Nov 30 Canada's real gross domestic product (GDP) rose 0.7 per cent in the third quarter, the fifth consecutive quarterly increase, the national statistical agency said.

Statistics Canada said that growth in exports, non-residential structures, and business investment in inventories were moderated by declines in housing investment and household spending, reports Xinhua news agency.

Final domestic demand, composed of expenditures on final consumption and capital investment, edged down 0.2 per cent, following a 0.6 per cent increase in the second quarter.

According to Statistics Canada, real GDP edged up 0.1 per cent in September.

Growth was led by goods-producing industries, while services-producing industries were essentially unchanged.

Advance information indicated that real GDP was essentially unchanged in October.

Increases in the public, transportation and warehousing, construction and wholesale trade sectors were offset by decreases in the manufacturing and mining, quarrying and oil and gas extraction sectors, Statistics Canada said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: canadaXinhuaOttawaStatistics canadaIndia canadaNational imaEt canadaOttaCapital region
Open in App

Related Stories

MumbaiFiring at Kapil Sharma's Cafe: Security Beefed Up Outside Actor’s Mumbai Residence In Andheri

EntertainmentKapil Sharma's Canada Cafe Attacked Second Time; Bishnoi Gang Claims Responsibility

MumbaiMumbai Police Visit Kapil Sharma’s Residence After Firing at His Kap’s Café in Canada

NationalKap's Cafe Pens Emotional Message After Gunfire Attack: ‘Processing This Shock, But Not Giving Up’

EntertainmentFiring at Kapil Sharma’s Newly Opened Kaps Cafe in Canada; Khalistani Group Claims Responsibility

Politics Realted Stories

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala