Canada’s Q3 GDP Growth Surprises at 2.6% Amid Mixed Economic Signals
Canada's economy expanded by 2.6% in the third quarter, defying expectations as crude oil exports and government stimulus offset weak business investment and household spending. The rebound follows a revised 1.8% contraction in Q2, narrowly averting a technical recession.
StatCan warns of potential significant revisions to Q3 figures in February, citing incomplete U.S. trade data due to government shutdowns. Analysts remain divided on whether the growth reflects sustainable momentum or temporary fiscal measures.