Global Markets: Canada’s GDP increased 0.1 per cent in November

By MarketsFarm

WINNIPEG, Jan. 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– After posting slight declines for the months of September and October, Canada’s gross domestic product increased by 0.1 per cent in November. That was mainly due to increasing in goods-producing industries, as well as service-producing industries. The oil and gas extraction sector fell by 1.4 per cent on the month.

– The United Kingdom is officially leaving the European Union on Friday evening. The EU has warned the U.K. that leaving the bloc will “never match the benefits it enjoyed as a member.” In a press conference, European Commission president Ursula von der Leyen said the UK’s contribution to the EU was “pragmatic and down to earth,” but that “strength does not lie in splendid isolation but our unique union.”

– Confirmed cases of the coronavirus are close to 10,000 worldwide, which is higher than the number of officially reported cases of SARS. The United States and Japan have advised their citizens to avoid travel to China, and to return home if they’re currently there. The Russian government is also considering ceasing work visas to Chinese nationals.

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