Resource sector led growth in August, says Statistics Canada
by The Canadian Press
Goods-producing industries grew 0.7 per cent in August, boosted by the mining, quarrying and oil and gas extraction sector which gained 1.4 per cent
OTTAWA—Statistics Canada says the economy grew by 0.2 per cent in August, helped by the resource sector.
The result matched the expectations of economists, according to Thomson Reuters.
The report on August’s growth came as the July figure was revised lower to show an increase of 0.4 per cent compared with an initial reading of 0.5 per cent for the month.
Goods-producing industries grew 0.7 per cent in August, boosted by the mining, quarrying and oil and gas extraction sector which gained 1.4 per cent.
The utilities sector rose 2.4 per cent driven by demand for electricity, particularly in Ontario, due to August heatwaves.
Service-producing industries were essentially unchanged for the month.
