Canada economy grew 0.1% in November, most likely flat in December By Reuters

© Reuters. A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch

OTTAWA, Jan 31 (Reuters) – The Canadian economy grew by 0.1% in November, mostly on services-producing industries, Statistics Canada said on Tuesday. December GDP was most likely unchanged, while real industry GDP looks to increase by 0.4% in the fourth quarter, and a 3.8% increase for the year, the agency said in a flash estimate.

The goods-producing sector posted a 0.1% decrease, while the service-producing sector gained by 0.2%.

(Changes in percent)

Nov Oct(rev) Oct(prev) Nov yr/yr

All industries +0.1 +0.1 +0.1 +2.8

Goods -0.1 -0.5 -0.7 +3.8

Services +0.2 +0.4 +0.3 +2.5

NOTE – All figures are seasonally adjusted. Analysts in a Reuters survey had on average forecast November to rise 0.1%.

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