Canada’s Real GDP Was Unchanged In November

Statistics Canada
January 30, 2026
Category: Finance & Economics
Region: Canada

Real gross domestic product (GDP) was essentially unchanged in November, following a 0.3% decline in October, as contractions in goods-producing industries offset expansions in services-producing industries. Goods-producing industries declined 0.3% in November, down for the third time in four months, driven by contractions in the manufacturing and agriculture, forestry, fishing and hunting sectors in the month. …The manufacturing sector fell 1.3% in November, with decreases in both durable-goods and non-durable-goods manufacturing industries. …The agriculture, forestry, fishing and hunting sector declined 1.1% in November, following a 0.6% decrease in October, as nearly all subsectors were down in November. …Forestry and logging (-2.8%) declined for the third straight month in November. This was the subsector’s largest contraction since May 2023, bringing activity to a record low level, as timber harvesting companies scaled back production in response to sawmill production cutbacks and weak lumber markets.

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