Canadian economy posts annualized gain of 5.4% in Q3, October GDP seen up 0.8%

BY Reuters | ECONOMIC | 11/30/21 08:36 AM EST

OTTAWA, Nov 30 (Reuters) - Canada's economy grew at an annualized rate of 5.4% in the third quarter, beating expectations, while real GDP most likely rose 0.8% in October following a 0.1% gain in September, Statistics Canada data showed on Tuesday.

Statscan revised down its second quarter annualized contraction to 3.2% from a previously reported 1.1%. Analysts surveyed by Reuters had expected third quarter annualized growth of 3.0% and a gain of 0.1% in September.

(Reporting by Julie Gordon in Ottawa; Editing by Andrew Heavens)

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