Glacier FarmMedia COVID-19 & the Farm

Global markets: Canadian GDP shrunk in August

By Commodity News Service Canada
WINNIPEG, October 31 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
The Canadian economy unexpectedly shrank in August. August
gross domestic product edged down by 0.1 per cent from July,
this is the first month-on-month decline since October, 2016. It
was in part due to maintenance shutdowns in the chemical and
extractive industries, Statistics Canada said Tuesday.
On Monday Facebook revealed that Russia-based operatives
published about 80,000 posts on the social network over a two-
year period in order to sway United States politics. About 126
million Americans may have seen the posts. This latest release
from Facebook far exceeds the company’s previous disclosures.
West Jet Airlines Ltd. reported Tuesday a third-quarter
profit which beat analysts’ estimates as the carrier flew a
record number of passengers in the quarter. West Jet’s revenue
per available seat mile rose 2.2 per cent in the quarter. The
company said its load factor, which measures how effectively a
carrier fills seats, rose 85.8 per cent from 84 per cent a year
earlier. West Jet flew 6.5 million passengers in the quarter
boosting revenue by 8.1 per cent to $1.22 billion.

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