Economics

Energy Slump Drives Canada's Second GDP Decline in Three Months

Photographer: Norm Betts/Bloomberg

Lock
This article is for subscribers only.

Canada’s economy contracted for the second time in three months on lower energy production, the clearest evidence yet of a soft patch that’s expected to linger through the first part of this year.

Gross domestic product declined 0.1 percent in November, Statistics Canada said Thursday from Ottawa, matching the median forecast in a Bloomberg survey of economists.