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Business  

Canadian economy grows

Statistics Canada says the economy grew 0.4 per cent in November, helped by strength in the manufacturing sector.

The results matched the expectations of economists polled by Thomson Reuters.

Statistics Canada says the increase in real gross domestic product came as goods-producing industries rose 0.8 per cent boosted by the manufacturing sector and mining, quarrying and oil and gas extraction.

The manufacturing sector gained 1.8 per cent in November, the largest monthly increase since February 2014.

Mining, quarrying, and oil and gas extraction increased 0.5 per cent.

Meanwhile, services-producing industries climbed 0.3 per cent, led by the real estate and rental and leasing, wholesale, and retail trade sectors.



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