GDP gains. Economic growth in Canada was positive in December at 0.3%, beating 0.1% in the previous month and above expectations of the same amount. This was the strongest pace since May as growth was seen in both the services and manufacturing sectors led by transportation and warehousing (+1.5%) and mining and extraction (+1.3%). However, for the fourth quarter, GDP was only up 0.1% for the three months, below the 0.3% in Q3. On an annualized basis, GDP posted a 0.3% gain, sharply lower than the 1.1% reading the previous quarter.

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