Canada economy grows 0.3 percent in August from July

October 31, 2011

The following is excerpted from the 31 October 2011 edition of Reuters Canada.

Canada's economy gained momentum for the third straight month in August as output in the energy sector expanded at the fastest clip in eight months, confirming expectations of solid third-quarter growth.

Gross domestic product climbed 0.3 percent from the previous month as oil and gas extraction surged, Statistics Canada said on Monday, beating market expectations of 0.2 percent growth. Year-on-year growth was 2.4 percent...

This article is available in its entirety at:

http://ca.reuters.com/article/businessNews/idCATRE79U30020111031

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Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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