Statistics Canada announced on Friday that the country's gross domestic product (GDP) edged up 0.1 percent m-o-m in November, following a 0.1 percent decline in October. That was above economists' forecast for a flat m-o-m.

According to the report, 15 of 20 industrial sectors recorded gains in November, led by utilities (+2.1 percent m-o-m), construction sector (+0.5 percent m-o-m), retail trade (+0.5 percent m-o-m). Meanwhile, notable declines were registered in the mining, quarrying and oil and gas extraction (-1.4 percent m-o-m) and transportation and warehousing (-0.9 percent m-o-m) sectors, influenced partly by disruptions in rail transportation service and crude oil pipeline transportation.

In y-o-y terms, the Canadian GDP rose 1.5 percent in November.