Canadas Economy Shrank by 0.3 Percent in October: StatCan

Workers stack and sort as softwood lumber is cut at Groupe Crete, a sawmill in Mont-Blanc, Que., on Jan. 20, 2025. The Canadian Press/Christinne MuschiCanada’s Gross Domestic Product (GDP) shrank by 0.3 percent in October due to a contraction in industries producing goods and services, according to Statistics Canada.The numbers come following the agency’s September report, which showed the GDP grew by 0.2 percent.