N.L. stands out from the rest of Canada in new GDP report, and not in a good way | CBC News
New data out from Statistics Canada paints a rosy picture of
economic growth across the provinces and territories for 2018, with one
glaring exception: Newfoundland and Labrador.
economic growth across the provinces and territories for 2018, with one
glaring exception: Newfoundland and Labrador.
While its economic woes are no secret, the numbers released Wednesday
show a diverging path for the easternmost province, as its real gross
domestic product (GDP) fell 2.7 per cent in 2018, the only place in
Canada to have its real GDP drop.
That drop is bigger than the country’s largest gain, Prince Edward Island’s, at 2.6 per cent.