Canada's Housing Bubble

Dec 23, 2009

Headline GDP M/M: 0.2%Goods Producing Industries M/M: 0.1%Service Producing Industries M/M: 0.2% Canadian GDP By Industry rose 0.2% in October after climbing 0.4% the month prior , upsetting the consensus estimates of a 0.4% rise. This marked a second consecutive monthly advance. Goods producing industries also posted its second consecutive increase, growing 0.1% on a 2.4% increase in the utilities sector. Mining and oil and gas extraction was up 0.4% and Construction recorded a 0.1% gain. Manufacturing remained flat after increasing 1% in September. Service producing industries gained 0.2% on a 7.2% increase in the activity for real estate agents and brokers. Retail trade sector grew 0.3% on strong auto sales and volume of wholesaling activity climbed 0.2% in October.