Canada's economy shrinks by 0.2 per cent in November
Declines in manufacturing, mining, oil and gas
01/30/2015|hrreporter.com|Last Updated: 01/30/2015
OTTAWA (Reuters) — Canada's economy unexpectedly shrank by 0.2 per cent in November, led by declines in manufacturing, mining, and the oil and gas sector, Statistics Canada data indicated on Friday.
Manufacturing output fell 1.9 per cent after two months of gains, while mining and quarrying declined by 2.5 per cent. Oil and gas extraction retreated by 0.7 per cent on a decline in the exploitation of unconventional sources of crude such as the Alberta oil sands.