Off the wire
• Slovakia relegated after loss to Norway in ice hockey worlds  • Roundup: Zimbabwe compensates white farmers in land reform, may impose new levy  • Chinese FM reaffirms support for Pakistan's anti-terror fight  • ECB foreign exchange rates of Euro to other currencies  • Italian Economic Development Minister resigns amid allegations of conflict of interest  • Germany's benchmark DAX index closes down  • Kenya's economy to grow at 5.9pct in 2016: World Bank  • Second stray lion found dead in Kenya  • U.S. energy official hails China's role in strengthening nuclear security  • Russia sends cargo space vehicle to Int'l Space Station  
You are here: 　 Home

Canada reports best economic growth since mid-2013

Xinhua, April 1, 2016 Adjust font size:

Statistics Canada on Thursday reported that the country's real gross domestic product grew 0.6 percent in January, its best monthly performance since mid-2013.

It marked the third straight month of relatively strong gains and the fourth straight increase overall, as the country's economy continued to pick up speed after appearing to stall in late 2015.

Statistics Canada said that the 0.6 percent rise from December's growth rate of 0.2 percent is well ahead of the 0.3 percent average estimate given by Canadian economists.

Canada's economic growth was boosted by manufacturing, retail trade and the oil and gas sectors. In January, the country's manufacturing sector grew 1.9 percent and retail trade grew 1.5 percent, while the oil and gas industries rose 0.9 percent, and service sector rose 0.4 percent. Endit