WORLD Canada economy posts record 40.1% rise in Q3: official

WORLD

Canada economy posts record 40.1% rise in Q3: official

AFP

21:59, December 01, 2020

Canada's economy rebounded at a record annualised pace of 40.1 percent in the third quarter as the country emerged from a pandemic lockdown, the government statistical agency said Tuesday.

File photo: Agencies

The upturn -- which fell short of analysts' expectations -- reflected substantial increases in housing investment and household spending, as well as a surge in exports due to growth in major trading partners' economies.

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