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Statistics Canada released GDP (gross domestic product) data on Friday. Canada's GDP increased 0.4% in September, in line with expectations, after a 0.1% fall in August.
On a yearly basis, Canada's GDP expanded at an annual rate of 2.8% in the third quarter, after a 3.6% gain in the second quarter.
The annual increase of GDP was driven by an increase in exports and a rise in household spending.
Exports increased by an annualized 6.9% in the third quarter, business capital investment climbed by an annualized 5.9%, while household spending rose by an annualized 2.8%.
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