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Canada's economy shrank 0.3% in October 2025 due to declines in manufacturing, construction, and investment.
Canada's economy contracted by 0.3% in October 2025, reversing a 0.1% gain in September, according to Statistics Canada.
The decline was driven by falling output in manufacturing, construction, and transportation, while consumer spending growth was insufficient to offset drops in business investment and inventories.
The unemployment rate held steady at 6.9%, with services sector job gains balancing losses in goods-producing industries.
Analysts attribute the contraction to global economic headwinds and tight monetary policy, though some caution against overreacting to a single month's data.
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La economía de Canadá se redujo un 0,3% en octubre de 2025 debido a la disminución de la manufactura, la construcción y la inversión.