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Canadian GDP MoM (Nov) M/M 0.0% vs. Exp. 0.1% (Prev. -0.3%)

Canada's November GDP print came in at 0.0%, slightly below expectations of 0.1%, marking a stagnation compared to a previous contraction of -0.3%.

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Context

This miss suggests economic momentum may not be recovering as hoped, which could have implications for the Bank of Canada's policy stance going forward, particularly concerning interest rates and growth outlook.

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