FXstreet.com (Barcelona) - Canadian economy has grown at a 0.2% pace in October, slightly above the 0.1% increase posted in September, according to data by StatsCan.

One of the main reasons for the GDP rise has been the appreciation of the Canadian dollar against its US counterpart, a tendency going on during both months. Growth has been fuelled by increases in goods as well as in services producing industries.

Increases in manufacturing and wholesale trade have contributed positively to the GDP growth while the mining industry activity has decreased. Wholesale activity increased by 1.5%, while manufacturing output increased 0.8% after two months posting declines.