OTTAWA — Real gross domestic product unexpectedly edged down 0.1 per cent in November after showing no growth in October, Statistics Canada reported Tuesday.
Lower output in the energy sector accounted for most of the November decline, as oil and gas extraction fell 2.5 per cent. Reduced production of crude petroleum, in part due to maintenance shutdowns, led the sector’s decline.
There were also drops in wholesale trade, finance and insurance, and construction, the federal agency said in its report, which caught analysts by surprise.
Most had expected a 0.2 per cent rise in GDP in November.
I been telling you clowns for 10 years that LOW INTEREST RATES DOES NOT make an economy.
ReplyDeleteAfter 9/11 the FEDERAL RESERVE in the USA lowered interest rates to ZERO and the Bank of Canada followed suit.
The USA housing market has crashed, not it's Canada's turn.
What is so hard to understand? The Marxist government in Canada has been importing rich foreigners to buy up real estate in Toronto , Montreal and Vancouver. This has forced white people to flee Toronto and move to its suburbs. This mass exodus from Toronto has drove up the prices of houses in the suburbs.
That's all this has been for the last 11 years. A scam.
Get ready for a major CORRECTION.