Q3 2014 Canadian GDP 2.8% vs 2.1% exp q/q ann

• Prior 3.1%. Revised to 3.6%
• 0.7% vs 0.8% prior q/q Revised to 0.1%
• September GDP 0.4 % vs 0.4% exp m/m. Prior -0.1%
• Q3 implicit price index 0.4% vs 0.2% prior q/q. Revised to 0.1%
• Exports 1.7% vs 4.4% prior q/q (+9.0% ann)
• Imports 1.0% vs 2.4% prior q/q

Better than expected and a decent upwards revision sees the Canadian dollar gain to 1.1359 from just under 1.1400

Household spending was up 2.8% ann following a 4.4% rise in Q2. Business investment rose 5.9% ann

Investment in mining exploration was up 8.7% following a 17.5% fall in Q2.

The fall in exports may be a worry but like most Canadian data it’s up and down like a bear up a tree.

Canadian Q3 GDP imports exports 28 11 2014

Canadian Q3 GDP qq ann 28 11 2014