Canada's GDP grew by 0.4 percent in November

By anna smith

In November, the output of Canada’s economy expanded by 0.4 percent, according to Statistics Canada. On Tuesday, the agency reported that the monthly expansion was a reversal of October’s data, when the economy contracted by about 0.3 percent. They also added that the expansion was led by mining, oil and gas, manufacturing and construction.

The numbers are "consistent with an economy that is churning out modest underlying growth," BMO economist Robert Kavcic said. "But that's still a meaningful improvement from conditions that we saw going into 2016."

Industries that produce goods led with a 09 percent growth. Alternatively, the service sector expanded by just 0.2 percent.

Follow @BizReviewCANADA

Read the January 2017 issue of Business Review USA & Canada magazine

Source: CBC


Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox


Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business