"Gross domestic product rose by an annualized 40.5 per cent in the July to September period, Statistics Canada reported Tuesday in Ottawa, erasing much of the record 38.1 per cent drop in the second quarter. Economists were predicting a 48 per cent increase. The rebound brings total output to 95 per cent of pre-pandemic levels."
[FONT="]"Early success controlling the spread of the virus allowed the economy to rebound quickly, as massive government aid propelled consumer spending and low interest rates fuelled a surge in the housing market. However, the data suggest further gains will be harder to achieve from here, particularly with a surge in COVID-19 cases and fresh lockdowns.[/FONT]
https://financialpost.com/news/economy/canadas-economy-posted-fastest-ever-growth-in-third-quarter