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Canada’s economy shrank by 0.1%

byCT Report
02/03/2019
in Uncategorized
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Canada’s economy shrank by 0.1 per cent in December and got smaller in three of the previous four months.

Statistics Canada reported Friday that the service sector eked out a 0.2 per cent expansion in December, but that was offset by a 0.7 per cent decline in goods-producing industries.

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Manufacturing shrank by 0.7 per cent, its fourth contraction in five months. Construction, meanwhile, shrunk seven months in a row — the first time that has happened in almost three decades.

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