Statistics Canada released GDP (gross domestic product) data on Friday. Canada's GDP increased 0.4% in September, in line with expectations, after a 0.1% fall in August.

On a yearly basis, Canada's GDP expanded at an annual rate of 2.8% in the third quarter, after a 3.6% gain in the second quarter.

The annual increase of GDP was driven by an increase in exports and a rise in household spending.

Exports increased by an annualized 6.9% in the third quarter, business capital investment climbed by an annualized 5.9%, while household spending rose by an annualized 2.8%.