Issue 16-17: Gross Domestic Product (GDP)

January 29, 2016

Canadian real GDP by industry at basic prices (seasonally adjusted) advanced 0.3% in November, following a decline in September (-0.5%) and no growth (+0.0%) in October.

The goods-producing industries increased 0.4% in November after two consecutive monthly declines in September (-1.5%) and October (-0.2%). Major contributors to the real GDP growth were manufacturing (+0.4%) and mining, quarrying & oil and gas extraction (+0.6%) and utilities (+1.0%). While construction was unchanged, agriculture, forestry, fishing & hunting (+0.5%) advanced.

The service-producing industries increased 0.2% in November. Solid gains in wholesale (+1.3%), retail trade (+1.2%) and transportation & warehousing (+0.8%) were dampened by declines in other industries, including finance & insurance (-0.3%) and arts, entertainment & recreation (-1.2%).

Data Source: Statistics Canada