Canada’s economy grew more than expected in November, data revealed today, though only slightly more.
One of the biggest drivers was a 2.1% surge in utilities, thanks to November’s really cold weather. That sector, along with construction, that was up 0.5%, was enough to counter the 1.4% drop in mining and oil and gas, said Brian DePratto, senior economist at TD Economics. But while DePratto now thinks a fourth quarter contraction looks off the table, he cautions that growth is still pretty much at a standstill.
Not in Alberta
When 0.1% growth is celebrated as “beating expectations” you know your nuts are well and truly in the fire.
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