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Gross domestic product rose 0.3 percent for the month, matching
economists' expectations.
Oil and gas extraction jumped 2.1 percent, rebounding from a
slump in September and little growth in October following
production problems and maintenance shutdowns.
Retail trade rose 1.2 percent with gains seen in nearly all of
the trade groups, including motor vehicle and parts dealers. The
wholesale trade segment rose for the first time in five months,
gaining 1.3 percent, helped by increased demand for building
materials and supplies.
The overall growth for November comes on the heels of a flat
October and a decline in September. Oil-exporting Canada emerged
from a mild recession in the third quarter of last year but
economists anticipate growth likely stalled again in the final
quarter of the year. The Bank of Canada recently forecast no
growth for the quarter.
(Reporting by Leah Schnurr; Editing by Bill Trott)
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