By Paul Vieira
OTTAWA--Canada's economy expanded in the third quarter, popping up after a deep decline in the previous three-month period, powered by energy exports and household consumption.
Canada's gross domestic product, or the broadest measure of goods and services produced in an economy, climbed at a 3.5% annualized rate in the third quarter to 1.80 trillion Canadian dollars ($1.33 trillion), Statistics Canada said Wednesday. Expectations were for a 3.4% advance, according to economists at Royal Bank of Canada.
The data agency added industrial output in September, the final month of the quarter, rose 0.3%, also on the strength in the commodity sector. This marked the fourth consecutive month-over-month gain.
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(END) Dow Jones Newswires
November 30, 2016 08:47 ET (13:47 GMT)
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