Skip to main content

People walk by a statue of former Montreal Canadiens' player Maurice Richard at the Bell Centre in Montreal, Jan. 6, 2013, the day the NHL and the NHLPA reached a tentative deal to end the league’s lockout.

Graham Hughes/THE CANADIAN PRESS

It will arguably mean more to hockey fans than the economy, but, at this point, every little bit counts.

The end of the National Hockey League lockout should put a small spark in Canada's slowing growth.

The NHL and its players struck a tentative deal early Sunday, saving at least part of the season and giving some relief to businesses, such as sports bars and others, that suffered a dip during the lockout.

Story continues below advertisement

"Since a bit less than half the season looks to have been lost, the economic damage will be contained at less than 0.05 per cent of GDP," said deputy chief economist Douglas Porter of BMO Nesbitt Burns.

"That loss would have been fully absorbed by now, and we should see a slight bump in January growth – in the arts, entertainment and recreation category."

Indeed, according to the latest reading from Statistics Canada, output in those industries slipped 1.6 per cent in October.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter