Statistics Canada reports economy contracted 0.2 per cent in November
- Statistics Canada reported that the economy contracted by 0.2 per cent in November, marking the largest monthly contraction since December 2023.
- The report indicated that goods-producing industries fell by 0.6 per cent, primarily due to declines in mining, quarrying, and oil extraction.
- A preliminary estimate suggests a rebound of 0.2 per cent in December, driven by increases in retail trade, manufacturing, and construction.
- The Bank of Canada revised its 2025 GDP growth forecast down to 1.8 per cent, influenced by a decline in population.
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Coverage Details
Total News Sources0
Leaning Left9Leaning Right3Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
L 56%
C 25%
R 19%
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