Canada GDP Stalls in October

12/22/17 08:45 AM EST
   By Paul Vieira 
 

OTTAWA--Economic output in Canada unexpectedly stalled in October, due to a decline in the energy sector. The result likely curbs any expectation that a rate rise from the Bank of Canada in January is in play.

The level of Canada's gross domestic product -- the broadest measure of goods and services produced in an economy -- was unchanged in October from the previous month at 1.75 trillion Canadian dollars ($1.37 trillion) on a seasonally-adjusted basis, Statistics Canada said Friday. The result missed market expectations of 0.2% growth, according to economists at Royal Bank of Canada.

Write to Paul Vieira at paul.vieira@wsj.com

 

(END) Dow Jones Newswires

December 22, 2017 08:45 ET (13:45 GMT)

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