Canada's economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data shows, even as business investments and household consumption disappointed due to the lingering uncertainty over United States tariffs. Third-quarter annualised gross domestic product (GDP) grew 2.6 percent, Statistics Canada said on Friday, escaping what could have been a technical recession after a contraction in the previous quarter of a downwardly revised 1.8 percent.
This is undoubtedly a challenging time for businesses, but our research shows some glimmers of hope. Strong domestic demand, powered by online sales, can help UK firms grow over the coming months.