Economic output in Canada rose 0.3 per cent in November
after two consecutive months of falling or flat growth. The increase in economic activity was led by
gains in retail and wholesale trade as well as oil and gas extraction and
manufacturing. Given November's GDP
data, Canadian economic growth is tracking at close to zero for the fourth
quarter.
US real GDP also experienced a significant slowdown in
the fourth quarter, registering just 0.7 per cent at an annual rate. Growth was
pulled lower by tempered household spending and a decline in business
investment . For all of 2015, the US economy expanded 2.4 per cent, matching
the rate of growth in 2014.
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