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Canadian Economy Surges in Third Quarter, Real GDP Surges 40.5% in Annualized Terms
Tuesday, December 1, 2020
Vancouver, BC, December 1, 2020--Canada's quarterly gross domestic product report has confirmed that the economy roared back to life over the summer months. Statistics Canada reported Tuesday that real GDP surged 8.9 per cent quarter-over-quarter (or 40.5 per cent in annualized terms) in the period ended Sept. 30, reversing much of the 11.3-per-cent slump in the previous quarter, as the economy reopened following the widespread lockdowns of the spring.
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Globe and Mail Posted: Dec 1, 2020 |
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