Canada GDP grew 0.6% mom in November, above expectation of 0.4% mom. Increases across almost all sectors contributed to the sixth consecutive monthly expansion. Real GDP was 0.2% above its pre-pandemic level in February 2020. Services-producing industries grew 0.6% mom while goods-producing industries rose 0.5% mom.
Statistic Canada also said advance information shows GDP was essentially flat in December. For Q4, GDP grew 1.6% qoq, 4.9% yoy.
