Canada’s economy posted its fifth consecutive monthly gain in November, according to Statistics Canada.
Canadian real gross domestic product (GDP) increased 0.2% after increasing 0.3% in both September in October. Goods-producing industries increased by 0.4%, driven by growth in mining and oil and gas extraction (1.7%). The services industry saw and a 0.2%, mostly in retail trade, the finance and insurance sector and the public sector.
These gains more than offset declines in construction (down 0.6%) and non-durable manufacturing industries (down 0.9%).
Utilities rose 2.1% in November due to increased demand for electricity and natural gas. This was due in part to weather that was colder than usual in certain areas across Canada.
