Statistics Canada reported Friday that Canada's GDP expanded by 0.2 per cent during the month. It was the fifth straight monthly increase and in line with what economists were expecting.
For comparison purposes, the 2.6 per cent annualized figure is better than the 1.9 per cent that the U.S. economy expanded last year.
The oil and gas industry, after a small monthly contraction of 0.7 per cent in October, rebounded the next month, expanding by 2.6 per cent. Both oil and natural gas production grew.
Utilities rose by 2.1 per cent on a monthly basis. The demand for both electricity and natural gas was up, in part because of colder than usual weather.Suggest a correction