Canada’s gross domestic product (GDP) rose by 0.2% in November, following December, according to data released moments ago by Statistics Canada. This comes after November saw no growth, exceeding expectations of 0.1% growth. The services sector led the growth in December.
Specifically, the services sector led the growth in December with a 0.2% increase, driven by growth in wholesale trade, public services, and transportation and storage. The goods sector also saw growth of 0.2%, fueled by growth in the manufacturing and utilities sectors.