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Global Markets: Canadian GDP rises in November

By Commodity News Service Canada

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

– Canada’s real gross domestic product increased by 0.4 per cent in November, following a 0.2 per cent decline the previous month, reported Statistics Canada. Gains in manufacturing, construction, and resource extraction outweighed declines in the real estate sector.

– Canada’s Industrial Product Price index rose by 0.4 per cent in December, while the Raw Materials Price Index was up by 6.5 per cent, according to Statistics Canada data.

– Many Asian markets are still closed for the Lunar New Year holiday, limiting some activity in the North American financial markets as well.

– UNICEF is asking for US$3.3 billion in funding to help children affected by conflict, malnutrition, and other problems around the world. The request is up from the US$2.8 billion originally asked for in 2016.

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