Canada’s economy grew in November for the sixth consecutive month, but early indications from Statistics Canada show it stalled in December.
The agency said Tuesday that real gross domestic product rose by 0.6 per cent in November.
Statistics Canada said that pushed the GDP above pre-pandemic levels by 0.2 per cent.
“Both services-producing and goods-producing industries were up, as 17 of 20 industrial sectors posted increases in November,” said the agency.
Meanwhile, preliminary data suggests the economy was “essentially unchanged” in December, bringing growth for the full year to 4.9 per cent.
“Widespread increases led by the manufacturing, agriculture, forestry, fishing and hunting, utilities and wholesale trade sectors were offset by declines in the accommodation and food services, mining, quarrying, and oil and gas extraction and retail trade sectors,” said Statistics Canada.
The finalized numbers for December and 2021 as a whole will be released in March.
