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Canada GDP grew 0.1%, oil and gas extraction, finance, insurance led

Canada GDP grew 0.1% mom in August, above expectation of 0.0% mom. 12 of 20 industrial sectors declined. But the concentred growth in oil and gas extraction and finance and insurance, was more than enough to offset. In the main industries, mining and oil and gas extraction grew 0.07%, utilities grew 0.02%, finance and concentrated grew 0.07%, public sector grew 0.03%. Manufacturing suffered most by dropped -0.06%.

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