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March 31, 2015GDP BY INDUSTRY JANUARY 2015 Canada's real GDP decreased by 0.1 per cent for the month of January 2015 to a seasonally-adjusted annual rate of $1.65 trillion dollars (chained (2007) dollars at basic prices). The decrease follows an increase of 0.3 per cent in December. Compared to January 2014, GDP was 2.4 per cent higher.
Goods production was up 0.3 per cent in January due mainly to contributions from oil and gas extraction, utilities, and agriculture and forestry sector. Oil and gas extraction increased 2.6 per cent in January after a 2.1 per cent decline in December. Non-conventional oil extraction gained while conventional crude extraction and support activities for mining, oil, and gas declined. Declines also occurred in manufacturing and construction.
Services activity was down 0.3 per cent compared to December 2014, the first decline since February 2014. The decline was due to decreases in wholesale, retail, and transportation and warehousing. Accommodation and food services also declined. Increases occurred professional services and finance and insurance sector.
Statistics Canada Cat. No. 15-001-X, CANSIM 379-0031