The Canadian economy grew for the fifth straight month in October. But it's too early to measure the full effect of the Omicron variable's rapid diffusion.

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Statistics Canada says real GDP rose 0.8% in October. which corresponds to the estimate After growing 0.2% in September

Manufacturing rebounded 1.8% after contracting 1.5% in September. Automotive output rebounded, with a 47.8% increase, largely offsetting the September decline.

Canada's hot housing market is also a key factor in its growth.

Construction rebounded 1.5% after four declines in the previous five months. Residential construction led the way with a 2 percent increase, driven by home improvements and multi-unit homes.