HomeLive CommentsCanada GDP grew 0.8% mom in Oct, 0.3% mom in Nov

Canada GDP grew 0.8% mom in Oct, 0.3% mom in Nov

Canada GDP grew 0.8% mom in October, matched expectations. Goods-producing sector rose 1.6% mom while services-producing sector rose 0.6% mom. 17 of 20 industrial sectors posted gains.

According to advance information, GDP increased 0.3% in November, led by accommodation and food services, wholesale trade, construction and the arts and entertainment sectors, while the mining, quarrying, and oil and gas extraction sector offset some of the gains.

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