Canada: Real GDP expands by 0.1% in September vs. 0.1% expected

Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.1% in September, data published by Statistics Canada showed on Tuesday. This reading was in line with the market expectation for a growth rate of 0.1% MoM.

The annualised pace of GDP growth in Q3 was also released and came in at 5.4%, significantly above expectations for a growth rate of 3.0%. This in part owes to a positive revision to the MoM pace of GDP growth in August to 0.6% from 0.4%.