Canadian Economy Expectations in October

2018-12-27
The Canadian economy expanded by a greater-than-expected 0.3 percent in October from September , pushed higher by strength in manufacturing , finace and insurance(保险) , Statistics(统计) Canada data indicated Friday.

Analysts in a Reuters poll had predicted monthly GDP would increase by 0.2 percent . Fifteen of the 20 industrial sectors --which Statscan says represents around 80 percent of the economy --posted gains

The release could well be a pleasant (令人愉快的) surprise for Bank of Canada Governor Stephen Poloz,who complained earlier this month that economic data heading into the fourth quarter were weaker than expected .

The manufacturing sector grew by 0.7 percent on higher output of machinery ,primary metals (金属，金属制的) ，chemicals and food . The finance and insurance sector advanced by 0.9 percent on increased activity in bond and money markets .

Wholesale trade grew by 1.0 percent, while utilities (公共设施) were up 1.5 percent on unseasonably (不合适令地) cold weather that contributed to higher electricity demand for heating purposes.