Fabricator Mike Caldarino uses a grinder on a steel stairs being manufactured for a high school in Redmond, Wash., at George Third & Son Steel Fabricators and Erectors, in Burnaby, B.C., on March 29, 2018. Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September. Statistics Canada says that October’s decline in GDP was the first in eight months. THE CANADIAN PRESS/Darryl Dyck

Fabricator Mike Caldarino uses a grinder on a steel stairs being manufactured for a high school in Redmond, Wash., at George Third & Son Steel Fabricators and Erectors, in Burnaby, B.C., on March 29, 2018. Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September. Statistics Canada says that October’s decline in GDP was the first in eight months. THE CANADIAN PRESS/Darryl Dyck

Canada’s GDP falls 0.1 per cent in October: Statcan

Statistics Canada says that October’s decline in GDP was the first in eight months

Canada’s economy contracted slightly in October, with real gross domestic product down 0.1 per cent from September.

Statistics Canada says that October’s decline in GDP was the first in eight months.

Economists had projected a flat GDP report for October compared with September, according to financial markets data firm Refinitiv.

Statistics Canada says the month included the biggest decline in retail trade since March 2016.

There were also declines in wholesale trade and manufacturing.

Those declines were only partly offset by an advance in the mining, quarrying and oil and gas extraction sector as well as transportation and warehousing services.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A Salvation Army bell is rung by Michael Cronin as he staffs the charity’s red donation kettle in front of a grocery store, Tuesday, Dec. 8, 2020, in Lynden, Wash. The familiar ringing of handbells has gone silent at many Canadian shopping malls this year as the Salvation Army tries to cope with COVID-19 rules at a time of dropping donations. THE CANADIAN PRESS/AP/Elaine Thompson
Record-breaking Christmas for Vernon Salvation Army

$640K and significant food donations pour into local organization ahead of holidays

A 2002 F350 was stolen from a Whitevale home sometime overnight Jan. 14. (Contributed)
Truck stolen near Lumby overnight

Lifted Ford stolen from Whitevale Road

Nate Brown photo
Okanagan-Shuswap says goodbye sunshine, hello winter

Temperatures are forecasted to drop by mid-next week

The Lavington Community Association shared this image of the final support beam installed at Jeffers Park in 2020. (Lavington Community Association - Instagram)
COVID-19 halts plans to open Lavington ice rink

Skaters won’t be able to enjoy the newly erected roof at Jeffers Park this season

Deb White, carnival chairwoman, rode in on style Saturday during the parade. (Caitlin Clow - Vernon Morning Star)
Pandemic postpones parade, heart of Vernon Winter Carnival

Interior Health says no to one of B.C.’s only winter parades

Health Minister Adrian Dix and provincial health officer Dr. Bonnie Henry head for the press theatre at the B.C. legislature for an update on COVID-19, Jan. 7, 2021. (B.C. government)
B.C.’s COVID-19 spread steady with 509 new cases Friday

Hospitalized and critical care cases decline, nine deaths

Chief public health officer Dr. Theresa Tam provides an update on the COVID-19 pandemic in Ottawa on Friday, Jan. 8, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada’s top doctor says to avoid non-essential travel as B.C. explores legal options

Premier John Horgan says he is seeking legal advice on whether it can limit interprovincial travel

(Big White Ski Resort photo)
13 more cases of COVID-19 tied to Big White Mountain cluster

This brings the total case count to 175, of which 32 cases are active

RCMP on scene at a home on Sylvania Cres. (Phil McLachlan /Capital News/FILE)
Two Kelowna men arrested after Rutland home invasion

Two Kelowna men, including a prolific offender, facing slew of potential charges

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Seasonal influenza vaccine is administered starting each fall in B.C. and around the world. (Langley Advance Times)
After 30,000 tests, influenza nowhere to be found in B.C.

COVID-19 precautions have eliminated seasonal infection

Real estate sales in the South Okanagan grew by more than any other part of the province in 2020. (Marissa Tiel - Black Press)
South Okanagan fastest growing real estate market in B.C.

There was over $1 billion in residential sales in 2020

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

The facility in Summerland has 112 long-term care beds. Interior Health funds 75 of the beds. (John Arendt - Summerland Review)
Six more months for temporary South Okanagan long-term care facility administrator

The temporary administrator was appointed following site visits and concerns from Interior Health

Most Read