Sector: Gas Sector and Fort Mcmurray

sector: Gross domestic product contracted by 0.3 per cent for the month, the first decline since wildfires devastated a swath of Fort McMurray, Alta. and dealt a severe blow to the oil and gas sector four months ago, according to The Toronto Star. Stats Can served up a dud to wrap up 2016, BMO chief economist Doug Porter wrote in an analysis. JONATHAN HAYWARD / THE CANADIAN PRESS By David Paddon The Canadian Press Fri., Dec. 23, 2016 TORONTO Canada's economy unexpectedly shrank in October, weighed down by the worst manufacturing output in nearly three years, Statistics Canada said Friday. Aside from the fire-damaged drop in May, this was the worst monthly reading for the economy in the past year. Manufacturing was down two per cent, the biggest monthly drop since December 2013. As much as I would love to tell you that it was due to one or two special factors, the weakness was relatively broad-based across the goods-producing sector, with declines in tourism-related sectors and finance thrown in for good measure. (news.financializer.com). As reported in the news.