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January 30, 2009 - Forex Economic News
Canadian GDP decreases by 0.7% in November.
The Canadian Gross Domestic Product decreased in November according to a report by Statistics Canada released today. The Canadian GDP decreased in November by 0.7 percent 
following a rise of 0.1 percent in October. November's GDP growth was worse than market forecasts that were predicting a 0.4 percent decline for the month.
Contributing to the GDP decline was an decrease in wholesale trade as this sector decreased by 3.1 percent for the month. Manufacturing activity declined by 2.1 percent in November while construction activity fell by 1.2 percent. Also showing declines in November were retail trade which declined by 0.5 percent, the energy sector which fell 0.5 percent and the finance & insurance sector which decreased by 0.4 percent.
tags: Canada, GDP, CAD, economy
