The post Canada’s economy grew 2.6% in the third quarter. appeared on BitcoinEthereumNews.com.

The Canadian economy roared back to life in the third quarter of 2025, with real gross domestic product (GDP) expanding at an annualized rate of 2.6%, according to new data from Statistics Canada (StatsCan). The unexpected rise was attributed to increased exports of crude oil and government spending, which reportedly acted as a catalyst for overall economic activity.  However, despite this increase,  reports from reliable sources noted that business investments and household spending did not meet expectations. These sources cited economic data published on Friday, November 28. Canada’s recent economic growth takes many by surprise  Regarding Canada’s recent economic growth, analysts have pointed out that this growth is significant to the country’s progress, as the rise could help it avoid what could have resulted in a technical recession. These remarks were made following a revised decrease of 1.8% encountered in the previous quarter. Notably, the quarterly GDP is calculated by including income and spending. For the monthly GDP, it is determined based on industrial output.  While analysts were making their predictions about the country’s economic growth for the third quarter, StatsCan noted that the figure for the third quarter might face a larger-than-usual revision in February. This finding ignited heated discussions among individuals. To address this controversy, the agency explained that the reason for this is that some parts of GDP by expenditure rely on trade data that was unavailable due to the US government shutdown.  Following their prediction, a reliable source mentioned that several analysts expected Canada to record an annual growth rate of just 0.5% for the third quarter. They also predicted a 0.2% monthly increase in GDP for September.  Interestingly, the country’s economy met analysts’ expectations on a month-to-month basis following a slight rise of 0.1% in the previous month. This escalation primarily resulted from a 1.6%…

---

Filed under: News - @ November 29, 2025 5:24 am