Economy grew by 1.7 per cent on annualized basis in Q2: StatsCan | iNFOnews | Thompson-Okanagan's News Source
Subscribe

Would you like to subscribe to our newsletter?

Current Conditions Mainly Clear  4.8°C

Economy grew by 1.7 per cent on annualized basis in Q2: StatsCan

An employee make his way to work at Statistics Canada in Ottawa on July 21, 2010. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA - Statistics Canada says the economy grew by 1.7 per cent in the second quarter.

It says, however, that real gross domestic product declined 0.5 per cent on a monthly basis in June.

The agency says exports edged up 0.2 per cent in the second quarter, after advancing 1.3 per cent in the first quarter.

Imports were up 0.4 per cent, following a 0.6 per cent gain in the first quarter.

The output of service industries expanded 0.7 per cent in the second quarter, while goods-producing industries fell 0.5 per cent.

Notable increases were recorded in retail and wholesale trade, the finance and insurance sector, professional services, as well as in the output of real estate agents and brokers.

News from © The Canadian Press, 2013
The Canadian Press

  • Popular penticton News
View Site in: Desktop | Mobile