OTTAWA—The pace of economic growth in Canada was less than expected in the fourth quarter, supported by the housing sector ahead of tighter mortgage regulations and making for a more sedate end to a strong year, data from Statistics Canada showed on Friday.
Canada’s gross domestic product grew by an annualized 1.7 percent in the final quarter of 2017, short of economists’ forecasts for 2.0 percent. The third quarter was downwardly revised to 1.5 percent from an initially reported 1.7 percent.
