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Canada GDP rose 0.1% mom in Nov, to be essentially flat in Dec

ActionForex
By ActionForex

Canada GDP grew 0.1% mom in November, matched expectations. Services-producing industries expanded 0.2% mom while goods-producing industries contracted -0.1% mom. 14 of 20 industrial sectors increased in the month.

Advance information indicates that real GDP was essentially unchanged in December. Also for Q4, GDP growth should be 0.4% qoq, 3.8% yoy.

Full release here.

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