Canada’s economy shrinks on declines in trade, manufacturing
OTTAWA — Statistics Canada says real gross domestic product decreased by 0.1 per cent in November.
The decrease partly offset an increase of 0.3 per cent in October.
The report was in line with estimates that the contraction would be 0.1 per cent for the month, according to Thomson Reuters Eikon.
The overall move lower came despite gains in 13 of the 20 industrial sectors tracked.
The wholesale trade sector fell 1.1 per cent in November as machinery, equipment and supplies wholesaling pulled back 2.1 per cent.
The manufacturing sector also contracted 0.5 per cent for the month, the third decline in four months.