- Analytics
- News and Tools
- Market News
- Canadian GDP in line with expectations in December
Canadian GDP in line with expectations in December
Gross domestic product (GDP) grew 0.3% in December. With the exception of October, GDP has increased every month since June. Utilities, construction and wholesale trade were the main contributors to growth in December.
Goods-producing industries rose for the sixth time in seven months, up 0.5% in December. Service-producing industries were up 0.2%, as the majority of sectors grew.
After three consecutive monthly declines, the utilities sector grew 3.4% in December. Electric power generation, transmission and distribution (+3.3%) and natural gas distribution (+7.3%) both rose as seasonal weather returned across the country in December. In November, unusually warm weather led to lower demand for heating.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
