Money Matters - Simplified

Canada's economy grows in June

Ottawa -- Canada's economy gained strength in June, maintaining its advances from April and May, Statistics Canada said Friday.

The agency's composite index indicated all components showed gains except housing and retail sales of durable goods, the agency said.

The composite was 242.5 in June, up from 240.1 in May.

Manufacturing was a strong segment, with new orders for durable goods rising 2.3 percent, the fifth straight gain, StatsCan said.

Copyright 2010 United Press International, Inc. (UPI).

No votes yet