Canada GDP for November comes in at 0.3% MoM (est 0.3%) 

YoY +0.2% vs est. 0.2%

The Canada GDP was in line with expectations at 0.3% for November and YoY (at 0.2%).

In other Canada data, industrial product rose 54 December came in at my 0.2 vs. my 0.4, estimate. The raw material price index was weaker however, at -5.0% vs. -4.0%.

• The goods producing sector climbed 0.4% for the month
• Service producing sector rose 0.2% for November
• The largest upside contributor was wholesale trade +0.07 percentage points
• The largest downside contributor was financial at -0.02 percentage points

The USDCAD is lower on the initial reaction to the data.