CANADA'S Q3 GDP OUT-PERFORMS

Nov 28, 2014

By Scott Walker

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The Canadian economy exceeded expectations in the third quarter.

Statistics Canada says the economy grew at year-over-year pace of 2.8%.

Economists had expected the gross domestic product would grow by 2.1%.

For the three months ending September 30th, GDP was up by 0.7% following a 0.9% increase in the previous quarter.

StatsCan says growth was mainly the result of exports and household spending.

 

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