Welcome to the Investing News Network’s weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.
Statistics Canada released August’s gross domestic product (GDP) data on Friday (October 31). The numbers showed a 0.3 percent decline in real GDP overall, with declines seen in many sectors of the Canadian economy.
The mining, quarrying, and oil and gas sector was down 0.7 percent during the month after increasing in June and July. This was led by a 5 percent decrease in support activities and a 1.3 percent drop in mining and quarrying, including a 1.2 percent decline in metal ore mining, while oil and gas extraction increased by 0.2 percent.
Likewise, the manufacturing sector was down 0.5 percent, with durable goods manufacturing weighing heavily with a decrease of 0.8 percent. One spot of…
