Posted by: youngragingbull | January 31, 2013

Canadian economy expands at faster pace: StatsCanada

Canada’s gross domestic product increased by 0.3 percent in November, an uptick from the 0.1 percent gain the previous month.

Goods-producing sectors expanded by 0.6 percent, while the service sector expanded by 0.1 percent, Statistics Canada said Thursday.

Most industrial sectors posted gains. Manufacturing and mining, quarrying and oil and gas extraction were the main contributors to the November increase.

Construction was unchanged in November. A decline in residential building construction was offset by increases in some other types of building work.

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