And now for the conbots who purport to care about the economy to tell us why they hate good news about the economy. (It's Trudeau's socks)
Real GDP by industry grew in every province in 2017, StatsCan says
Canada's gross domestic product grew 3.3 per cent in Canada in 2017 — the strongest pace of growth in six years, according to Statistics Canada.
The output of the economy grew last year for every province and the territories except Yukon, the agency reported on Wednesday.
StatsCan said the growth rates provide an indication of how well an industry or an economy is doing and help policy-makers at the Bank of Canada, the finance ministry and provincial governments monitor the evolution of provincial and territorial economies, formulate policies and decide on the timing of their implementation.
In B.C., GDP rose 3.9 per cent in 2017 due to its services-producing industries, such as real estate and rental/leasing industries, as well as transportation industries. Among goods-producing industries, B.C.'s construction sector contributed most to its GDP growth.
In P.E.I., real GDP expanded 3.2 per cent, the highest among Atlantic provinces with increases in goods-producing industries outpacing services-producing industries for the first time in four years. Growth was broad-based with 18 of the 20 industry groups recording higher output, the agency said.
Canada's largest province, Ontario, saw its GDP rise by 2.8 per cent in 2017, up from 2.6 per cent in 2016. Most of Ontario's growth came from the service sector, which made up 80 per cent of the growth in the province's economy.
Real GDP by industry grew in every province in 2017, StatsCan says | CBC News
Real GDP by industry grew in every province in 2017, StatsCan says
Canada's gross domestic product grew 3.3 per cent in Canada in 2017 — the strongest pace of growth in six years, according to Statistics Canada.
The output of the economy grew last year for every province and the territories except Yukon, the agency reported on Wednesday.
StatsCan said the growth rates provide an indication of how well an industry or an economy is doing and help policy-makers at the Bank of Canada, the finance ministry and provincial governments monitor the evolution of provincial and territorial economies, formulate policies and decide on the timing of their implementation.
In B.C., GDP rose 3.9 per cent in 2017 due to its services-producing industries, such as real estate and rental/leasing industries, as well as transportation industries. Among goods-producing industries, B.C.'s construction sector contributed most to its GDP growth.
In P.E.I., real GDP expanded 3.2 per cent, the highest among Atlantic provinces with increases in goods-producing industries outpacing services-producing industries for the first time in four years. Growth was broad-based with 18 of the 20 industry groups recording higher output, the agency said.
Canada's largest province, Ontario, saw its GDP rise by 2.8 per cent in 2017, up from 2.6 per cent in 2016. Most of Ontario's growth came from the service sector, which made up 80 per cent of the growth in the province's economy.
Real GDP by industry grew in every province in 2017, StatsCan says | CBC News
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