Canada: Real GDP edged down 0.1% in January

"Real gross domestic product edged down 0.1% in January, offsetting part of the 0.2% growth in December," the Statistics Canada reported this Thursday.

   •  The decline was mainly the result of lower output of non-conventional oil extraction and decreased activity in real estate. 

   •  The output of goods-producing industries fell 0.4% in January, mainly on lower non-conventional oil extraction. 

   •  The output of services-producing industries was essentially unchanged in January.