Canada's GDP 0.2% in November

Market news

30 January 2015

Canada's GDP 0.2% in November

Statistics Canada released GDP (gross domestic product) data on Friday. Canada's GDP decreased 0.2% in November, after a 0.3% fall in October.

The decline was driven by lower oil prices and unexpected weakness in manufacturing and mining.

Manufacturing output fell by 1.9% in November, the deepest fall since January 2009, mining declined by 2.5%, while oil and gas extraction was down by 0.7%.

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