Real gross domestic product (GDP) grew 0.2% in November after remaining essentially unchanged for three consecutive months. The majority of the growth in November came from the goods-producing industries grouping (+0.6%), which saw its highest growth rate since January 2023, as increases in all but one sector drove the gain. Services-producing industries edged up 0.1% in November 2023 despite the impact of the strikes in the Quebec public sector that began in the month. Overall, 13 of 20 industrial sectors increased in November. The manufacturing sector rose 0.9% in November, as both non-durable (+1.2%) and durable ... (full story)

The Canadian economy outperformed expectations in November with 0.2% growth, and gross domestic product likely expanded in the fourth quarter, data showed on Wednesday, reflecting a rebound in economic activity. Analysts polled by Reuters had forecast a GDP growth of 0.1% in November from October. The increase in November followed three straight months of essentially zero growth. In an advance estimate for December, Statistics Canada said the economy likely expanded by 0.3%, translating to a 1.2% annualized growth in the fourth quarter. The December numbers, if confirmed when final data is released next month, would ... (full story)