U.S. GDP growth revised higher; Canadian account deficit widens

(Nov. 29, 2012) -- The second estimate of third-quarter 2012 annualized GDP growth was revised upward to 2.7 percent from the two percent that was reported in the first estimate. This was slightly below market expectations of an upward revision to 2.8 percent, according to Paul Ferley, Assistant Chief Economist, RBC Economics.