The Globe and Mail reports in its Wednesday edition that while Canada's economy likely rebounded slightly last month after a widespread contraction in October, the fourth quarter is shaping up to be a weak one as tariff-hit industries weigh on growth. The Globe's Jason Kirby and Brent Jang write that industry-based gross domestic product expanded 0.1 per cent in November, according to a preliminary estimate from Statistics Canada, coming on the heels of a 0.3-per-cent decline the month before. Together, the two months of data suggest that the Canadian economy "has some work cut out to avoid another negative print for the final quarter of the year," BMO senior economist Robert Kavcic said in a note. "That will close out a very choppy year for Canadian growth in still-choppy fashion." While that contraction in October was expected, the breadth of the decline still caught the attention of economists. Output fell in many sectors, with manufacturing, which contracted 1.5 per cent, contributing the most to the month-over-month decline. Within manufacturing, most sectors were flat or down, with the biggest declines coming in trade-dependent industries such as electrical equipment, machinery and wood-product manufacturing.
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