Canada’s GPD rose 0.3% in October 2018, higher than the 0.2% forecast, and the fastest rate for five months after a boost from the country’s manufacturing sector, according to Statistics Canada. Factory expansion of 0.7% offset losses earlier in the year and wholesaling also rose, by about 2%. Forecasters said the country would see annualized growth of 1% between October and December 2018. The figures did not include sales of newly legalised marijuana, but Statistics Canada said they would be added from March. The latest report was the last the Bank of Canada would see before deciding on interest rates.
Canada’s GPD rose 0.3% in October 2018, higher than the 0.2% forecast, and the fastest rate for five months after a boost from the country’s manufacturing sector, according to Statistics Canada. Factory expansion of 0.7% offset losses earlier in the year and wholesaling also rose, by 1%. Forecasters said the country would see annualized growth of about 2% between October and December 2018. The figures did not include sales of newly legalised marijuana, but Statistics Canada said they would be added from March. The latest report was the last the Bank of Canada would see before deciding on interest rates.