Canada’s Economy Shrank in November for First Time This Year

The Canadian economy appeared to lose its strength toward the end of this year even as the central bank cut interest rates at a rapid pace.

Advance data suggested gross domestic product shrank 0.1% in November, the first monthly contraction this year, after a 0.3% expansion a month earlier, Statistics Canada said Monday. The October figure beat economist expectations of 0.2% in a Bloomberg survey.