🇨🇦Canada GDP Growth Expands By 5.4% in Q3

• Q3 Canadian growth figures bounced back to expansion, Q/Q printed at 1.3%, annualized at 5.4%, higher than market consensus expectations

• The third-quarter was driven by household spending, spending on semi-durable goods increased by 14.0%, services +6.3%

• After four consecutive quarters of strong growth, new construction and renovations fell in the third quarter. The 5.2% drop in new construction was the largest drop since the second quarter of 2009. - StatCan