- Analytics
- News and Tools
- Market News
- Canada's GDP climbs 0.6% in the third quarter
Canada's GDP climbs 0.6% in the third quarter
Statistics Canada released GDP (gross domestic product) growth data on Tuesday. Canada's GDP growth dropped 0.5% in September, missing expectations for a flat reading, after a 0.1% rise in August.
On a quarterly basis, GDP climbed 0.6% in the third quarter, after 0.1% decline in the second quarter.
The quarterly rise was driven by increased international demand for Canadian goods and services. Exports of goods and services rose 2.3% in the third quarter, while imports of goods and services declined 0.7%.
Household final consumption expenditure was up 0.4% in the third quarter as spending on durable, non-durable and semi-durable goods rose.
The household saving rate fell to 4.2% in the third quarter from 4.9% in the second quarter.
Final domestic demand was flat in the third quarter, after a 0.1% rise in the second quarter.
Mineral exploration and evaluation plunged 9.3% in the third quarter.
Business gross fixed capital formation dropped 0.8% in the third quarter.
On a yearly basis, GDP rose 2.3% in the third quarter, in line with expectations, after 0.3% drop in the second quarter. The second quarter's figure was revised up from a 0.5% decline.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
