Canadian and US Economic Growth – January, 2016

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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