The Canadian economy expanded 0.3 percent month-over-month in December of 2019, higher than 0.1 percent in November and market forecasts of 0.1 percent. It is the strongest monthly growth rate since May of 2019, as both goods-producing and services-producing industries grew. Transportation and warehousing rose 1.5 percent, the largest increase since March, as production resumed following a strike in CN and November's closure of the Keystone pipeline. The mining, quarrying, and oil and gas extraction sector was up 1.3 percent, partially offsetting November's 1.6 percent contraction; the finance and insurance sector increased 0.7 percent, the largest gain since March; the manufacturing sector expanded 0.4 percent, following three consecutive monthly declines; wholesale trade rose 0.8 percent; and construction edged up 0.2 percent. Considering full 2019, the value-added of services-producing industries grew 2.5 percent, while goods-producing industries were down 0.9 percent.
Leading Economic Index in Canada averaged 0.20 percent from 1997 until 2019, reaching an all time high of 1.20 percent in September of 2003 and a record low of -1.40 percent in December of 2008. This page provides the latest reported value for - Canada GDP MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Statistics Canada
Leading Economic Index in Canada is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Canada to stand at 0.20 in 12 months time. In the long-term, the Canada GDP MoM is projected to trend around 0.40 percent in 2021, according to our econometric models.