(Source: Statistics Canada) Released: 2016-07-29 Real GDP by industry May 2016 -0.6% (monthly change) Real gross domestic product (GDP) fell 0.6% in May, the largest monthly decline since March 2009. The decrease in May was primarily due to lower non-conventional oil extraction, a consequence of the Fort McMurray wildfire and evacuation. The Fort McMurray wildfire was the main cause behind a 2.8% decline in the output of goods-producing industries. The mining, quarrying, and oil and gas extraction sector fell 6.4%, as the output of the non-conventional oil extraction industry recorded a 22% drop. Following an 8.1% decrease in April due to maintenance shutdowns at upgrader facilities, the...
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