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Canada Q3 Economy Grows 2.6% Annualized, Rebounding from Contraction
11/28/2025, 13:36
11/28/2025, 14:06
AI SUMMARY
●Canada Q3 annualized GDP growth reached 2.6%, recovering from contraction.
●September GDP rose 0.2% month-over-month, showing renewed momentum.
●The data indicates economic resilience surpassing previous figures.
Canada's economy grew at an annualized rate of 2.6% in the third quarter, signaling a recovery from the previous period's revised contraction of 1.6%. This growth exceeded expectations and points to resilience in the Canadian economy.
Additionally, the GDP for September rose by 0.2% month-over-month, marking a turnaround compared to the previous decline of 0.3%. The data suggests a renewed momentum in economic activity for the period, recovering from earlier sluggishness.
[Update 1] New reports confirm the Q3 annualized growth figure of 2.6% and the 0.2% rise in September GDP. The data highlights a significant recovery surpassing previous negative growth trends.