Truck News

Feature

Canada’s GDP growing, slowing

OTTAWA, Ont. - The country's economy advanced for the 14th consecutive month in September, growing by 0.2 per cent, according to Statistics Canada. And transportation was one of the sectors leading th...


OTTAWA, Ont. – The country’s economy advanced for the 14th consecutive month in September, growing by 0.2 per cent, according to Statistics Canada. And transportation was one of the sectors leading the way, with a 0.7 per cent increase in trucking, urban and air transportation.

The government agency warns, however, that 0.2 per cent is roughly half the rate of growth for the Gross Domestic Product of the previous three months. September’s slower rate notwithstanding, Canada has now enjoyed the longest uninterrupted string of monthly gains in more than a decade. The slower growth in September resulted from what Statistics Canada called a weakness in computer wholesaling, a lacklustre month for retailers and an easing of auto production. n


Truck News

Truck News

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.
All posts by

Print this page


Have your say:

Your email address will not be published. Required fields are marked *

*