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GDP gains December loss in January on manufacturing strength

Published by Brad Fougere on March 31, 2014

After losing half a percentage point in December, real GDP grew 0.5 per cent in January on manufacturing strength according to Statistics Canada.

Manufacturing rose two per cent on strength in computer and electronics as well as machinery production. Non-durable growth, led by beverage, food and tobacco, also contributed to the overall GDP bump.

Mining, quarrying and oil and gas exploration jumped 1.2 per cent with strength in drill and rigging services, extraction and potash mining.

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Found in: StatsCan gdp

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