Economic output in Canada unexpectedly stalled in October, due to a decline in the energy sector. The result likely curbs any expectation that a rate rise from the Bank of Canada in January is in play.
The level of Canada's gross domestic product -- the broadest measure of goods and services produced in an economy -- was unchanged in October from the previous month at 1.75 trillion Canadian dollars ($1.37 trillion) on a seasonally-adjusted basis, Statistics Canada said Friday. The result missed market expectations of 0.2% growth, according to economists at Royal Bank of Canada.
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(END) Dow Jones Newswires
December 22, 2017 08:45 ET (13:45 GMT)