Canadian Gross Domestic Product contracted in November 2011 by seasonally adjusted 0.1%. October output showed no gain and stayed at 0.0%. Analysts estimated 0.2% increase for November. According to Statistic Canada annually economy grows at 2.0% pace, down from 2.7% reading in October.
Separate report showed that county’s IPPI fell by 0.7% in December. The raw materials price index (RMPI) decreased to negative 2.4%.
The couple USD/CAD was traded at 0.9985 at the time of news release.
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