Canada: Economic growth accelerates in Q3 to fastest rate in two years

In the third quarter, GDP increased at a seasonally adjusted annualized rate (SAAR) of 2.7% over the previous quarter, which marked the fastest growth rate in eight quarters. The result came in above the 1.6% expansion recorded in the second quarter (previously reported: +1.7% quarter-on-quarter SAAR) and slightly overshot market expectations of a 2.5% increase.

Read more about Canadian GDP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s