Canada GDP data

OTTAWA: Canada exited recession in the third quarter, as its economy bounced back with 2.3 per cent annual growth after being hit by plunging oil prices earlier this year, the government statistics agency announced on Tuesday. The economy’s return to growth was attributed mainly to rising demand for Canadian goods and services abroad, as exports shot up 9.4 per cent in the quarter ending September 30, said Statistics Canada. Domestic consumption, meanwhile, was flat, it said. Analysts had forecast slightly better growth after GDP fell 0.3 per cent the previous quarter.