OTTAWA—Statistics Canada says real gross domestic product rose 0.6 percent in November before COVID-19 cases began to surge at the end of the year. The growth in November marked the sixth consecutive monthly expansion and pushed the economy above pre-pandemic levels by 0.2 percent, the agency said Tuesday. Gains in November were seen in wholesale trade, which saw its largest monthly growth since July 2020, and manufacturing. Accommodation and food services also both saw increases with more travellers and looser restrictions on capacity limits in bars and restaurants in Ontario and Quebec. The statistics agency also said its initial estimate for December suggested real GDP was essentially unchanged for the final month of 2021 to bring growth to 4.9 percent for the full year. The result, which won’t be finalized until next month, is a turnaround from 2020 when the Canadian economy suffered its worst year on record as output …
Statistics Canada Says Economy Grew 0.6% in November, Gets Back to Pre COVID Level
February 1, 2022
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