OTTAWA (Reuters) – Canada’s economy grew at an annualized rate of 5.4% in the third quarter, beating expectations, while real GDP most likely rose 0.8% in October following a 0.1% gain in September, Statistics Canada data showed on Tuesday.
Statscan revised down its second quarter annualized contraction to 3.2% from a previously reported 1.1%. Analysts surveyed by Reuters had expected third quarter annualized growth of 3.0% and a gain of 0.1% in September.
(Reporting by Julie Gordon in Ottawa; Editing by Andrew Heavens)
