OTTAWA — Real gross domestic product grew 0.2% in November, up for a fifth consecutive month. The output of goods-producing industries grew 0.4% in November, led by an increase in mining and oil and gas extraction and, to a lesser extent, in utilities. Retail trade rose 0.8% in November. Increases were recorded at motor vehicles and parts dealers, electronics and appliance stores as well as clothing and clothing accessories stores. In contrast, retailing activity was down at food and beverage stores and at building material and garden equipment stores. After rising for four consecutive months, wholesale trade decreased 0.6% in November. Wholesaling of machinery, equipment and supplies, building material and supplies as well as farm products were the main sources of decline. Construction edged down 0.1% in November. Declines in residential building construction and repair works outweighed increases in non-residential building and engineering construction.
GDP edges up in November
Most Recent
Most Read
GMS acquires Florida distributor
Fri, August 30th, 2024
Loblaw pilots sitting cashiers
Fri, August 30th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, August 30th, 2024
Home Hardware dealer garners NHPA's Young Retailer Award
Thu, August 29th, 2024
GMS posts Q1 results
Thu, August 29th, 2024
NHPA conference presents strategies for weathering bad times
Thu, August 29th, 2024
More Canadians say they’re bagging their own groceries
Thu, August 29th, 2024
RONA Foundation launches campaign
Thu, August 29th, 2024
Throwback Thursday: 10 years ago, Orgill show in Chicago reflected hardlines "turbulence" in Canada
Thu, August 29th, 2024
Tando Composites names Reese Wholesale as flagship dealer
Wed, August 28th, 2024