Canada’s GDP Down 0.3% in August, Weak Q3 Growth Anticipated: StatCan

Canada’s GDP Down 0.3% in August, Weak Q3 Growth Anticipated: StatCan
Excavators work at Atlantic Gold Corporation's Touquoy open pit gold mine in Nova Scotia in a file photo. Andrew Vaughan/The Canadian Press
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Canada’s real gross domestic product (GDP) saw a decline of 0.3 percent in August, and preliminary indicators suggest the economy registered little growth in the third quarter, according to a new report from Statistics Canada.

August marked the fifth decline this year for goods-producing industries, while the services sector experienced its first contraction in six months, the Oct. 31 report found.