Canada’s real gross domestic product (GDP) rose 0.6 per cent in the 3Q, according to Statistics Canada December 1, following two consecutive quarterly declines. The quarterly growth was driven by increased international demand for Canadian goods and services as exports grew 2.3 per cent.
Final domestic demand was flat after edging up 0.1 per cent in the previous quarter. Residential investment increased 0.6 per cent after a flat 2Q.
Exports of goods advanced 2.7 per cent after increasing 0.5 per cent in 2Q.