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Statistics Canada Says Economy Grew at a Record Pace in Third Quarter of 2020
Wednesday, December 2, 2020
Vancouver, BC, December 2, 2020--The Canadian economy posted its best three-month stretch on record during the third quarter of the year, growing at an annualized pace of 40.5 per cent on the back of household spending. The previous record for quarterly growth in real gross domestic product was 13.2 per cent in the first quarter 1965, Statistics Canada said, but unlike 55 years ago, the rise last quarter was fuelled by a record drop during the preceding three-month stretch.
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Vancouver Sun Posted: Dec 2, 2020 |
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