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According to the Statistics Canada, the country's GDP increased by 0.2% in July after a zero change in the previous month. According to analysts, the Canadian economy was expected to grow by 0.1%. The production of goods increased in July by 0.3%, services — by 0.2%. The rise in the manufacturing sector was 1.2%, noting the strongest growth since November 2017. In the wholesale trade, growth was 1.4% due to an increase in 8 out of 9 subsectors. The increase in transport and warehouse services amounted to 0.9% in July. In the sphere of public services, the most significant growth was registered since December 2016 — by 2.1%. The real estate sector showed an increase of 0.3%, while the construction sector weakened by 0.6%, declining for the third time in 4 months.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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