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Canada: Labour productivity fell 0.6% in the third quarter

"Labour productivity of Canadian businesses fell 0.6% in the third quarter, after edging down 0.2% in the second quarter and posting a 1.3% increase in the first quarter," the Statistics Canada announced on Wednesday.

Key highlights

This was the largest decrease since the second quarter of 2015 (-1.2%).

In the third quarter, business output and hours worked both increased at a slower pace than in the previous quarter, however, the increase in hours worked again surpassed the increase in output.

Real gross domestic product (GDP) of businesses edged up 0.3% in the third quarter.

Mining, quarrying and oil and gas extraction, manufacturing, retail trade, and finance and insurance were the main industries that moderated the growth in output.

Hours worked in the business sector rose 0.9%, following a 1.3% increase in the second quarter. 

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