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Canada's mining, quarrying, oil and gas sectors grew 1.2% in September - StatCan

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(Kitco News) - According to data released today by Statistics Canada (StatCan), Canada’s real gross domestic product (GDP) edged up 0.1% in September, as declines largely concentrated in manufacturing, construction and retail trade were more than offset by broad-based expansions in services-producing industries as well as in mining, quarrying and oil and gas extraction.

StatCan reported that overall, 12 of 20 industrial sectors were up in September, with growth in services-producing industries (+0.4%) more than offsetting a decline in goods-producing industries (-0.6%).

The authors of the report noted that the domestic mining, quarrying, and oil and gas extraction grew 1.2% in September, up for the fifth month in a row, as two of three subsectors were up.

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The oil and gas extraction subsector grew for the fifth consecutive month, up 2.4% in September. Oil sands extraction rose 2.5% in September as synthetic crude production increased, following the start of a planned maintenance at one of the oil sands upgraders in Alberta. Oil and gas extraction (except oil sands) grew 2.2% as crude petroleum extraction increased, while natural gas extraction was unchanged.

StatCan added that mining and quarrying (except oil and gas) decreased 1.5% in September. Non-metallic mineral mining fell 4.6% primarily as a result of lower potash mining (-7.0%). Coal mining (-4.9%) decreased for the third time in four months. Metal ore mining increased 0.7%, led by copper, nickel, lead and zinc ore mining (+2.4%) as exports rose; iron ore mining rose 1.9%.

According to the report, support activities for mining, and oil and gas extraction grew 1.7% in September, as all types of services were up.

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