Canada GDP contracted -0.1% mom in November, matched expectations. Looking at the details, decreases in wholesale trade, finance and insurance, manufacturing and construction more than offset gains in 13 of 20 industrial sectors. Goods-producing industries were down 0.3%, the third decline in four months, while services-producing industries were essentially unchanged.
Also from Canada, RMPI rose 3.8% mom in December versus expectation of 3.9% mom. IPPI dropped -0.7% mom versus expectation of 0.1% mom.
