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Latest stats: Economy grew in September. And in latest quarter: up 1.3% annualized

From Stats Can this morning:

Real gross domestic product increased 0.3% in the third quarter, after remaining essentially flat over the first half of the year. Most of the third quarter gain occurred in July. Economic activity edged up 0.1% in September following a decline in August.

Details.

More…

Globe and Mail now reports:

The Canadian economy expanded by 1.3 per cent in the third quarter … Economists had been forecasting modest third-quarter growth of about 1 per cent, so the official number was somewhat stronger than expectations.

,,, But economists, as well as the Bank of Canada, believe growth has dropped off sharply since then.

 

 

Joel Johannesen
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