Economy Grew at Annualized Rate of 1% in Q4, Statistics Canada Says

Economy Grew at Annualized Rate of 1% in Q4, Statistics Canada Says
Statistics Canada signage is seen in Ottawa on March 8, 2019. The Canadian Press/Justin Tang
The Canadian Press
Updated:
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The Canadian economy expanded at an annualized rate of one percent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession.

The increase in real gross domestic product follows a decline in the third quarter of 0.5 percent annualized.