Canada economy shows uptick

Insurance one of the sectors that has led notable recovery

Canada economy shows uptick

Insurance News

By Paul Lucas

Statistics Canada says real domestic product grew by 0.4% in November, slightly above expectations.

The improvement was due to strength in a broad number of sectors including manufacturing, finance, insurance, construction, and mining, quarrying and oil and gas extraction.

Economists had expected a 0.3% gain for November, according to Thomson Reuters.

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Statistics Canada also revised its result for October, saying the economy shrank that month by 0.2%.
That compared with an initial reading of a contraction of 0.3%.

For November, Statistics Canada says goods-producing industries rose 0.9%, while service-producing industries grew by 0.2%.

Source: Canadian Press.


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