UPDATE 1-Canada revises Q2 GDP, current account data, uses new methods

(Adds details)

* Canada says adopting new standard mean no big changes * Q2 GDP annualized growth 1.9 pct, up from initial 1.8 pct

OTTAWA, Oct 1 (Reuters) - Canada revised its second quarterdata for annualized economic growth to 1.9 percent from aninitial 1.8 percent on Monday to reflect the adoption of updatedaccounting standards.

Statistics Canada said the change to the new standards --which incorporate new weightings and measures such as investmentin intellectual property products -- were not meaningful.

"(The switch) resulted in no substantial change to thelevel, nominal growth rate or real growth rate of Canada's grossdomestic product from 1981 through the second quarter of 2012,"it said in a release.

"Similarly, there was no material change to Canada's currentaccount balance over this period."

Statscan revised the Q2 current account deficit to C$18.37billion from an initial C$16.02 billion.

(Reporting by David Ljunggren; Editing by Chizu Nomiyama)

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Keywords: CANADA ECONOMY/REVISIONS