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Canada’s economy stalled in November 2025 due to a manufacturing drop, with GDP flat after October’s decline.
Canada’s economy stalled in November 2025 with no change in real GDP, following a 0.3% decline in October, as manufacturing fell 1.3% due to a global semiconductor shortage, particularly affecting auto production.
Goods-producing sectors contracted, but services, especially retail trade, rose 1.3% amid post-strike rebounds.
Early estimates suggest a 0.1% gain in December, but if confirmed, the fourth quarter would have contracted 0.5% annually, reversing strong third-quarter growth.
The Bank of Canada projects flat Q4 growth and a modest recovery in 2026, with interest rates held steady at 2.25%.
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La economía de Canadá se estancó en noviembre de 2025 debido a una caída de la industria manufacturera, con un PIB estable después de la disminución de octubre.