Canada's GDP got back to pre-pandemic level in November 2021

By WNews 1 Min Read

Canada’s economy grew by 0.6 per cent in November of last year, making it the sixth consecutive month of economic expansion prior to the rapid spread of the Omicron variant of the coronavirus, according to GDP numbers released by Statistics Canada Tuesday. 

The economy rebounded to pre-pandemic levels, with real GDP 0.2 per cent above its February 2020 level. 

While real GDP slowed slightly from October’s 0.8 per cent growth, most sectors experienced economic expansion.

Growth in manufacturing and wholesale had the largest contribution to the rise in GDP in November. 

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Growth beat consensus expectations of 0.4 per cent, according to TD Economics

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