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    HomeLive CommentsCanada GDP grew 0.6% mom in Nov, 0.2% above pre-pandemic level

    Canada GDP grew 0.6% mom in Nov, 0.2% above pre-pandemic level

    Canada GDP grew 0.6% mom in November, above expectation of 0.4% mom. Increases across almost all sectors contributed to the sixth consecutive monthly expansion. Real GDP was 0.2% above its pre-pandemic level in February 2020. Services-producing industries grew 0.6% mom while goods-producing industries rose 0.5% mom.

    Statistic Canada also said advance information shows GDP was essentially flat in December. For Q4, GDP grew 1.6% qoq, 4.9% yoy.

    Full release here.

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