Canadian GDP up 0.4% in November, Statistics Canada says

By zaymalz malz

According to the latest monthly data from Statistics Canada, the Canadian economy grew 0.4% during the month of November 2017, largely driven by widespread growth across the vast majority of Canada’s industrial sectors.

17 of 20 industrial sectors reported growth, with goods producing industries rising 0.8% following a 0.5% decline the month previous. Further, the manufacturing sector saw a significant rise, up 1.8% - the largest monthly increase in over two and a half years.

See also:

The Canadian auto manufacturing industry saw the biggest gains, up 14.3%, following four straight monthly declines between July and October that resulted in a total 21.5% drop in the industry.

The mining, quarrying and oil & gas sectors also contributed significantly to the overall growth in GDP, with a 0.5% increase, despite a 1.1% decline through October.

The 0.4% growth of the economy marks a further increase in GDP, up from the 0.2% growth recorded in October, making it the strongest month for growth since May 2017.

Share

Featured Articles

Rise of the Chief Information Security Officer (CISO)

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

UAE building cybersecurity fortress for a safer world

Exclusive: His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on bold plans to build the world’s most secure digital society

The future of cybersecurity must be built on the basics

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the future of cybersecurity

10 of the best speakers at Procurement & Supply Chain LIVE

Leadership & Strategy

10 apps to support staff on World Mental Health Day

Leadership & Strategy

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

Leadership & Strategy