TORONTO, Dec. 24 (UPI) -- The lockout of National Hockey League players has put Canada's economic growth in the deep freeze for the second month in a row, statistics show.
Further, if the entire season is lost, it easily could reduce the country's gross domestic product by $10-million, Statistics Canada figures suggest.
That may seem a tiny drop in the bucket of an economy where GDP is running at about $1.05-trillion a year, the Globe and Mail said. But, Statscan reported the lockout has caused a 2.1 percent drop in the output of the country's arts and entertainment industries in October.
Add recreation to the mix, and these industries are worth about $9.4 billion a year to the economy. This suggests the hockey lockout is costing Canada about $17 million a month, said Bernard Lefrançois, acting chief of the Statscan unit that produces the agency's monthly reports on gross domestic product.