Canada to revise GDP, other data to adopt new standard

OTTAWA (Reuters) – Statistics Canada will be making the biggest revisions in 15 years to national accounts data as part of an international shift to updated standards, an official said on Friday. The changes will reflect guidelines released in 2008 by the United Nations, the International Monetary Fund and other international bodies. The last such revision was done in 1997, based on a 1993 standard. The revised standard incorporates new weightings and measures such as investment in intellectual property products. …