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