Canada's Economy Is Picking Up Steam Lifted By Oil & Gas Extraction

The Canadian economy grew 0.3 per cent in October, helped by strength in oil and gas extraction, mining and quarrying, Statistics Canada has revealed in its monthly GDP release. Oil and gas extraction, mining and quarrying rose 2.4 per cent in October with all three subsectors rising. "Canada's economy is picking up steam as we wrap up the year, and we're expecting growth in the fourth quarter close to two per cent," wrote Andrew DiCapua, a senior economist at the Canadian Chamber of Commerce, in a note to clients. "If this momentum holds, it could…