Canada’s economy grew for the sixth consecutive month in October, according to Statistics Canada.
The country’s real GDP climbed by 0.4 per cent following a 0.8 per cent increase in September.
Both goods-producing and services-producing industries were up as 16 of 20 industrial sectors posted increases.
The agency says the upward movement continues to offset record-breaking drops in March and April but notes total economic activity is still about four per cent below pre-pandemic levels.
Preliminary information from StatCan suggests growth of about 0.4 per cent for November.
Gross domestic product by industry, October 2020: Real GDP grew for the sixth consecutive month, up 0.4% in October following a 0.8% increase in September. https://t.co/s21IoMAJdM pic.twitter.com/rjMZjrzjHu
— Statistics Canada (@StatCan_eng) December 23, 2020
