GDP News --
Canada's economy rose 0.3% in August following a 0.1% drop in July, helped by oil and gas extraction, wholesale trade and manufacturing.
The figures released by Statistics Canada were in line with analysts' expectations.
The federal agency also said increases were recorded in the finance and insurance sector, construction and retail trade. Utilities and forestry decreased, while public-sector output was unchanged.
Mining and oil and gas extraction rose 0.5%, wholesale trade rose 1.1% and manufacturing grew 0.5%.
The finance and insurance sector advanced 0.6%, construction was up 0.4% and retail trade edged up 0.1% in August.
Last week, the Bank of Canada said it now believes Canada's economy will likely grow about three per cent this year instead of the 3.5 per cent it had projected in July, and much of this growth took place in the first part of the year.
Price Index News --
The Industrial Products Price Index increased 0.2% in September, led mainly by primary metal products.
The Raw Materials Price Index declined 0.4%, largely because of significantly lower prices for mineral fuels.
Statistics Canada reports the industrial gain was mainly led by primary metal products (up 2%) and, to a lesser extent, by petroleum and coal products (0.5).
A 0.5% decrease in prices for motor vehicles and other transportation equipment moderated the advance.
The industrial index up 1.4% in September over a year earlier.
The agency says the drop in the raw materials index was led by lower prices for mineral fuels (down 3.3%), particularly crude oil (down 3.7).
Higher prices for non-ferrous metals (up 4%) and vegetable products (5.5) moderated the impact.
Compared with the same month a year earlier, the was up 5.8% in September.
