Value added of credit intermediation and monetary authorities in Canada falls in June 2018

Value added of credit intermediation and monetary authorities barely dropped by 0.25% in comparison to the previous month, revised numbers from Canada National Statistical Office indicate. The indicator slightly decreased by 184 million Canadian Dollars, contrarily to the prior month when it grew by 0.64 percent. The data reached 73 361 million Canadian Dollars in June 2017, which is a -0.05 percent fluctuation compared with the prior month of 2017. Year-on-year, this displays a 0.26% variation between June 2017 and June 2018. Canada saw a growth of 103.08% in value added of credit intermediation and monetary authorities during the last 21 years. Moreover, the value added of credit intermediation and monetary authorities is now higher than its average which equals 53 538.36 million Canadian Dollars with a negligible overall rise since the start of observations. It attained its all-time high of 73 733 million Canadian Dollars in May 2018 and record low of 36 217 million Canadian Dollars in January 1997.