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- Prior was +0.1% (revised to +0.2%)
- Services +0.3%
- Goods -0.7%
- Advance November GDP “essentially unchanged”
- Full report
This week’s Canadian CPI data ran hot but you can see the cooling in these numbers. That said, digging into the numbers the mining sector was a drag here but that won’t last. More worrisome is a 0.7% contraction in manufacturing led by a 1.1% decline in durable goods manufacturing. It’s the fourth decline in six months.
It’s good to be a government worker
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