{"id":23132,"date":"2019-10-03T07:00:59","date_gmt":"2019-10-03T07:00:59","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=23132"},"modified":"2019-10-03T15:02:18","modified_gmt":"2019-10-03T15:02:18","slug":"canadas-growth-stalls-after-four-months-of-growth","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/opinion\/canadas-growth-stalls-after-four-months-of-growth\/","title":{"rendered":"Canada\u2019s growth stalls after four months of growth"},"content":{"rendered":"<p><strong><i>The results came in below analysts\u2019 expectations.<\/i><\/strong><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">Canada\u2019s economy stalled in July, following four months of growth, as the country\u2019s mining, quarrying, and oil and gas extraction sectors contracted, Statistics Canada data revealed Tuesday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Reuters poll of experts had predicted an increase of 0.1% in July following 0.2% growth in June. Nevertheless, while 12 of the 20 industrial sectors monitored expanded, eight declined, the national statistics agency said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Canadian dollar weakened to US 75.24 cents as a result.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Canada is heading towards a national election on Oct. 21 in which economic issues have played a central role in the political debate. Meanwhile, the Bank of Canada has held interest rates steady since last October.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Statscan said goods-producing industries were down 0.7% in July as outputs from all sectors\u2013with the exception of utilities\u2013fell. Services-producing industries were up for the fifth consecutive month, rising 0.3% as the majority of sub-sectors grew.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Canada\u2019s mining, quarrying, and oil and gas extraction sector dropped by 3.5%, however, the largest decrease since May 2016, the report said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oil and gas extraction (except oilsands) fell 4.7%, the biggest monthly decline in a decade, Statistics Canada said\u2013largely due to a shutdown of some offshore production facilities in Newfoundland and Labrador because of maintenance issues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The construction sector also declined, dropping by 0.7%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Manufacturing declined for the second straight month, falling 0.1%, while the transportation and warehouse sector contracted by 0.5% as a result of slower rail transportation. Real estate and related industries increased 4.2%, while the utilities sector grew by 1.5%. Wholesale trade climbed by 1.1%, showing growth for the sixth consecutive month.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results came in below analysts\u2019 expectations.<\/p>\n","protected":false},"author":22,"featured_media":23135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[529,2266,2183,99,98,1385],"class_list":["post-23132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-canada","tag-canadas-economy","tag-canadas-growth","tag-ceo","tag-ceo-north-america","tag-ceo-northam"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/23132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=23132"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/23132\/revisions"}],"predecessor-version":[{"id":23136,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/23132\/revisions\/23136"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/23135"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=23132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=23132"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=23132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}