Source: The Canadian Press
Real gross domestic product fell in every province and territory except Prince Edward Island and Yukon last year.
Statistics Canada reports the GDP declined 2.9% nationally in 2009, after a 0.6% increase in 2008.
Provincially, the largest GDP declines took place in the resource-intensive economies of Newfoundland and Labrador, Saskatchewan and Alberta.
The agency says manufacturing output fell in every province except Prince Edward Island.
Manufacturers in Ontario, Alberta, British Columbia and Newfoundland and Labrador experienced double-digit declines in production.
The GDP of Newfoundland and Labrador fell 10.2% last year, mostly due to a sharp drop in oil extraction and metal ore mining operations.
GDP grew by 0.6% in Prince Edward Island, down slightly from a 0.7% advance in 2008. Increased output in aquaculture and higher lobster landings more than offset a decline in agriculture.
Output rose in government service industries and retail trade. In manufacturing, transportation equipment industries’ GDP advanced, while a plant closure hampered production in food industries. Several tourism-related industries retreated.
In Yukon, GDP increased 1.4%.
StatsCan says mining activity and construction associated with a new mine contributed to the growth. Completion of work on transmission lines allowed more electric power generation. In service industries, the public sector expanded while retail trade edged down.
P.E.I., Yukon record GDP growth in 2009 while other provinces, territories fall
Largest declines in Newfoundland and Labrador, Saskatchewan and Alberta
- By: Canadian Press
- April 28, 2010 April 28, 2010
- 08:06