facebook
twitter
rss
account
search
search
 

Canada's GDP dips in February

April 30, 2012 at 9:45 AM   |   Comments

OTTAWA, April 30 (UPI) -- Canada's gross domestic product declined by 0.2 percent in February, led by decreased mining and oil and gas activity, Statistics Canada reported Monday.

Overall mining declined 7 percent, with output at potash and nickel mines reduced by temporary shutdowns, the report said.

Oil and gas extraction was down by 0.9 percent.

Other decreases were seen in manufacturing, which was down 1.2 percent, and the output of utilities fell 1.9 percent, the report said.

The decliners offset the gains in other sectors.

"Construction rose 0.5 percent in February, with increases in residential and non-residential building construction as well as in engineering and repair work," StatsCan said. "The output of real estate agents and brokers increased 1.1 percent in February on increased activity in the home resale market."

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
U.S. Air Force orders more RQ-4 Global Hawks U.S. Air Force orders more RQ-4 Global Hawks
2
Hotel chain suspending sponsorship of Minnesota Vikings Hotel chain suspending sponsorship of Minnesota Vikings
3
Kurds challenge latest Iraqi oil claims Kurds challenge latest Iraqi oil claims
4
Lockheed tests aircraft laser turret
5
Cover Girl ads photoshopped to protest NFL's Roger Goodell Cover Girl ads photoshopped to protest NFL's Roger Goodell
Trending News
Video
x
Feedback