Statistics Canada Says GDP Grew at 5.4% Annual Rate in Q3

Statistics Canada Says GDP Grew at 5.4% Annual Rate in Q3
Statistics Canada’s offices at Tunny’s Pasture in Ottawa are shown, March 8, 2019. The Canadian Press/Justin Tang
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OTTAWA—The economy grew at an annual rate of 5.4 percent in the third quarter of this year as COVID-19 restrictions eased and household spending rose, Statistics Canada said Tuesday.

The result is a turnaround for an economy that shrank in the second quarter, and outpaced economists’ expectations for growth in real gross domestic product between July and September.