Canada’s GDP stretched by 0.4% in November

The outlay of Canada’s economy stretched by 0.4 per cent in November, led by mining, oil and gas, production and construction.

Statistics Canada reported Tuesday that a monthly enlargement was a annulment of October’s data, when a economy engaged by about 0.3 per cent.

Industries that furnish products led a approach with a 0.9 per cent expansion. The use zone was a relations laggard, however, expanding by only 0.2 per cent.

The numbers are “consistent with an economy that is churning out medium underlying growth,” BMO economist Robert Kavcic said, “but that’s still a suggestive alleviation from conditions that we saw going into 2016.”

Article source: http://www.cbc.ca/news/business/canada-gdp-november-1.3959567?cmp=rss