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CP NewsAlert: Economy grew 0 4 per cent in October

Winnipeg Free Press By: Jordan Press, The Canadian Press Posted: Last Modified: 1:14 PM CST Wednesday, Dec. 23, 2020 OTTAWA - The Canadian economy outpaced expectations in October and an early estimate suggested growth continued in November, offering a glimmer of hope for a better-than-expected start to 2021. Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan OTTAWA - The Canadian economy outpaced expectations in October and an early estimate suggested growth continued in November, offering a glimmer of hope for a better-than-expected start to 2021. Statistics Canada reported Wednesday that real gross domestic product grew 0.4 per cent in October, marking the sixth consecutive month of growth and slightly above the average economist estimate of a 0.3 per cent gain.

Wholesale sales climbed 1 0 per cent in October

Winnipeg Free Press By: The Canadian Press OTTAWA - Statistics Canada says wholesales sales rose 1.0 per cent in October to $66.7 billion, marking the sixth consecutive increase for the sector. Shipping containers are stacked at the Fairview Cove Container Terminal in Halifax on Friday, Oct. 19, 2018. THE CANADIAN PRESS/Andrew Vaughan OTTAWA - Statistics Canada says wholesales sales rose 1.0 per cent in October to $66.7 billion, marking the sixth consecutive increase for the sector. Stay informed Sign Up Economists had expected an increase of 0.9 per cent for the month, according to financial data firm Refinitiv. The increase came as sales of machinery, equipment and supplies rose 3.6 per cent to $13.8 billion in October, boosted by an 11.2 per cent increase in computer and communications equipment.

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