Growth in oil extraction helps propel Canada's GDP upward for November

Canada's economic output from the oil and gas sector grew by 1.4 per cent in November, led by a 3.7 per cent jump in non-conventional oil extraction, according to the latest data from Statistics Canada.

Conventional oil and gas extraction drilling actually declined by 0.9 per cent for the month, but that was more than offset by the jump in non-conventional oil extraction, a category that includes Alberta's oilsands.

• Canada's GDP expanded by 0.4% in November

The expansion helped propel Canada's economy into growth territory for the month, reversing October's contraction.

National GDP grew by 0.4 per cent in November, which Statistics Canada said was led by the mining, oil and gas, manufacturing and construction sectors.

This interactive graph shows oil and gas extraction, by month, over the past five years in Canada (in constant 2007 dollars):

• MORE ALBERTA NEWS |Improved drilling forecast tempered by competition risk from Trump
• MORE ALBERTA NEWS |'Cautious optimism' seen in Alberta energy sector under new royalty regime