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Canada’s economy grows after mining and energy sectors bounce back

Tuesday, November 1, 2016 10:17
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(Before It's News)

The Canadian economy posted its third successive month of growth in August thanks to a rebound in the North American country’s energy and mining sectors.

Canada’s output rose 0.2% in August on a month-on-month basis, from a 0.4% growth rate in September, according to Statistics Canada. Gross domestic product was up 1.3% from the same month in 2015. Both figures matched economist expectations.

Canada’s mining and energy industries chalked up output growth for three months in a row – representing a bounce back from four-straight months of declines.

Story by ProactiveInvestors

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