Canada's economy grew for the fourth month in a row according to Statistics Canada
Statistics Canada reports that Canada's economy expanded for the fourth month in a row in June, as 17 of the 20 industries the data agency tracks expanded
Statistics Canada stated that the Toronto Raptors' NBA championship win had a big enough impact to change the course of the country's economy.
"The Raptors' playoff run coincided with the first signs of summer-like weather across many parts of the country, with increases at food services and drinking places ( up 0.5 per cent) and sporting goods, hobby, book and music stores up 3.5 per cent," Statistics Canada said. GDP grew by 0.2 per cent overall, as a 0.2 per cent decline in the goods-producing sector was more than offset by a 0.3 per cent gain in the much larger service sector.
Construction, wholesale and retail trade, mining, quarrying and oil and gas, and the finance and insurance industries all grew.