Good news! Markets are up! Money is flowing! and the Canadian Economy expanded more than expected in the third quarter:
The energy sector led the way and notable increases also occurred in manufacturing, construction, wholesale trade and the transportation and warehousing sector.
On a monthly basis, real gross domestic product by industry increased 0.2 per cent in September.
Some analysts cautioned against overestimating the strength of the Canadian economy. Much like the second, the third quarter was also driven by temporary factors that won’t be sustained, they said.
Full article over at the CBC.