Real GDP rose 0.7 per cent in the third quarter, following a 0.9 per cent gain in the second quarter, StatsCan reported today. On a monthly basis, real GDP by industry increased 0.4 per cent in September. The main contributors to GDP growth were exports of goods (+2.2 per cent) and household spending (+0.7 per cent). Investment in residential property was up 3 per cent, that’s the fastest pace since 2012. Export of goods was higher (+2.2 per cent) led by chemical exports which were up 10 per cent. Export of services was lower by 1 per cent.
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