Canada: Real GDP was essentially unchanged in Oct following 0.2% growth in Sept

"Real gross domestic product (GDP) was essentially unchanged in October following 0.2% growth in September, as 9 of 20 industrial sectors expanded," the Statistics Canada announced on Friday.

Key highlights

Service-producing industries rose 0.2%, mainly from growth in wholesale trade, retail trade and real estate.

Meanwhile, goods-producing industries contracted 0.4%, largely due to the mining, quarrying, and oil and gas extraction sector.

The wholesale trade sector grew for the 9th time in 11 months in October, with a 1.4% rise more than offsetting September's decline of 0.9%.

The retail sector expanded 1.1% in October.

Mining, quarrying, and oil and gas extraction was down 1.1% in October, the fourth decline in five months.