The latest numbers from Statistic Canada (StatsCan) reveal 3.5 per cent growth in the overall economy in Canada for the third quarter.
The gross domestic product (GDP) grew 0.9% compared to a drop of 0.3% in the second quarter of 2016.
A rebound in energy exports after a second quarter decline is at the root of the growth. StatsCan says Alberta wildfires that shutdown the Fort McMurray oil sands in May, were a major factor in the second quarter drop.
As a result, energy sector exports saw a 6.1% increase after a 5.1% decline over the summer.
Exports overall were up 2.2%, making up ground from the previous quarter in which there was 3.9% decline.
Exports of goods grew 2.3% thanks to an increase in consumer goods (+3.6%), metal ores and non-metallic minerals (+5.7%), industrial machinery, equipment and parts (+3.7%) and forestry products and building and packaging materials (+2.7%) .
Service exports, led by the travel industry (+3.0%), also rose 1.4%.
The household final consumption expenditure (HFCE), an income account representing consumer spending, was up slightly at 0.6%, with the bulk of the growth coming from services. Consumer spending was up in food, beverage and accommodation services (+1.4%), recreational and cultural services (+2.1%), and transport services (+2.5%).
Household disposable income increased 2.2% in the third quarter, thanks to employee compensation (+0.5%), and net property income of households (+5.1%).
The introduction of the new Canada Child Benefit program, which came into effect July 1, boosted federal government transfers to households 5.4%. Meanwhile, personal income tax paid declined 2.5%.
— Statistics Canada (@StatCan_eng) November 30, 2016