Canada: Real GDP edged down 0.1% in January

Haresh Menghani FXStreet

"Real gross domestic product edged down 0.1% in January, offsetting part of the 0.2% growth in December," the Statistics Canada reported this Thursday.

• The decline was mainly the result of lower output of non-conventional oil extraction and decreased activity in real estate.

• The output of goods-producing industries fell 0.4% in January, mainly on lower non-conventional oil extraction.

• The output of services-producing industries was essentially unchanged in January.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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