- Analytics
- News and Tools
- Market News
- Canada’s economy expands more than expected in November
Canada’s economy expands more than expected in November
Statistics
Canada announced on Friday that the country’s gross domestic product (GDP) grew
0.7 percent m-o-m in November, following an unrevised 0.4 percent m-o-m advance
in October.
This was above economists’
forecast for a 0.4 percent m-o-m advance and marked the seventh consecutive
monthly gain. However, overall economic activity was still about 3 percent
below February's pre-pandemic level.
In y-o-y terms,
the Canadian GDP fell 2.8 percent in November.
According to
the report, both goods-producing (+1.2 percent m-o-m) and services-producing (+0.5
percent m-o-m) industries were up as 14 of 20 industrial sectors posted
advances in November.
It was also
reported that preliminary data indicates an approximate 0.3 percent m-o-m growth
in real GDP for December.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
