The Canadian Press
Most major industrial sectors increased their production as real gross domestic product advanced 0.4% in November, its third straight monthly increase.
At 0.6%, the goods-producing industries grew for a third month in a row, while the services industries increased 0.4%.
Mining and oil-and-gas extraction, and wholesale trade accounted for about 60% of the overall growth.
Several other sectors also recorded increases, such as finance and insurance, construction and the public sector (education, health and public administration combined).
Retail trade and utilities declined in November, while the manufacturing sector remained unchanged.
Separately, the U.S. economy grew for a second straight quarter from October through December, posting a 5.7% annual rate, the fastest pace since the third quarter of 2003.
with files from Associated Press
Canada’s GDP rises in November
U.S. economy grows for second straight quarter
- By: The Canadian Press
- January 29, 2010 January 29, 2010
- 08:46