Canadian November monthly GDP data
- Prior was -0.1%
- GDP +1.5% vs +1.4% y/y expected
- 15 of 20 sectors rose
- Laggards were in mining, oil & gas, transportation & warehousing -- in part due to disruptions in rail and pipelines
- Construction +0.5%
- Retail trade +0.5% vs -1.1% in Oct, led by motor vehicles
- Goods producing +0.1% m/m
- Service providing +0.1% m/m
A major factor was a 2.1% rise in utilities, as a result of unseasonably cold weather in central Canada.
In a separate report the December industrial product price index was +0.1% vs 0.0% expected.
