Canada: Canada's real gross domestic product (GDP) grew 0.5% in Q3
|"Canada's real gross domestic product (GDP) grew 0.5% in the third quarter, following a 0.7% increase in the second quarter," Statistics Canada reported on Friday.
Key quotes
- Final domestic demand was unchanged, constrained by falling investment, while export volumes edged up 0.2%.
- Strength in the mining and petroleum refining industries boosted corporate earnings.
- Expressed as an annualized rate, real GDP was up 2.0% in the third quarter.
- In comparison, real GDP in the United States grew 3.5%.
- Import volumes declined 2.0% in the third quarter, with imports of refined petroleum products falling 27.2%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.