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- Canadian gross domestic product rose for the fifth time in six months
Canadian gross domestic product rose for the fifth time in six months
Real gross domestic product rose for the fifth time in six months, up 0.4% in November. The increase in November came mainly from higher output in manufacturing, mining, quarrying, and oil and gas extraction, finance and insurance and construction.
Goods-producing industries rose by 0.9%, almost offsetting a 1.0% decline in October. There were increases in output in manufacturing, mining, quarrying, and oil and gas extraction and construction. The utilities and the agriculture and forestry sectors declined.
Service-producing industries were up 0.2%, mainly due to finance and insurance, retail trade, and transportation and warehousing. There was a decline in real estate and rental and leasing, while wholesale trade edged down.
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