Canadian economy grew slightly in November, expected to slow further

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 61%

Canada Headlines News

Canada Latest News,Canada Headlines

The Canadian economy grew by 0.1 per cent in November as higher interest rates began to slow spending toward the end of the year.

Play Video

The stalled growth comes after the economy grew by 0.1 per cent in November, the federal agency said Tuesday. Statistics Canada’s report notes that the removal of COVID-19 travel restrictions have spurred growth in transportation and warehousing.This advertisement has not loaded yet, but your article continues below.The housing market was the first to feel the effects of interest rate hikes, leading to a slowdown in housing-related sectors.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian economy grew by 0.1% in November, Statscan saysA preliminary estimate from Statistics Canada suggests real gross domestic product grew by an annualized rate of 1.6% in the fourth quarter 😂 Liberal consultants paychecks grew by 50%
Source: globeandmail - 🏆 5. / 92 Read more »

The Daily Chase: Canadian GDP slows in November; IMF raises global growth forecast - BNN BloombergWe’ve got yet another sign of a downshift in domestic economic growth into the end of last year. Year-over-year GDP growth slowed to 2.8 per cent in November – the smallest gain since the outright decline in output back in February 2021.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canadian economy grew slightly in November, expected to slow furtherThe Canadian economy grew by 0.1 per cent in November as higher interest rates began to slow spending toward the end of the year.
Source: TheTorontoSun - 🏆 23. / 68 Read more »

'COVID is not done,' Canadian infectious disease expert says ahead of WHO announcementWhile RSV and flu cases steadily decline in Canada, the World Health Organization is set to announce on Monday whether it still considers COVID-19 a global health emergency, but one infectious disease specialist says we still need to keep an eye on the coronavirus. It'll never be done. It has become endemic...everyone knows that. What is done, is people accepting the fearmongering propaganda concerning it. Oh shut up about this already! The state funded media is prepping the Canadian peasants for more jabs and lockdowns. Canadians are such spineless cowards
Source: CTVNews - 🏆 1. / 99 Read more »

Artist dazzles: draws maps of Canadian cities with one continuous line | Globalnews.caAt first glance his map of Regina looks nothing out of the ordinary but on closer inspection, starting in the top left corner you see the map is drawn with one continuous line.
Source: GlobalNational - 🏆 81. / 51 Read more »

Michael Taube: Canadian politics is not immune to George Santos-like behaviourIs Santos the first U.S. politician to have ever lied on a résumé? Of course not absolutely - and that is called The Ford Brothers in Ontario
Source: OttawaCitizen - 🏆 21. / 68 Read more »