Real GDP per Capita Declines for Sixth Consecutive Quarter

A sign outside a building at Statistics Canada in seen in Ottawa on March 12, 2021. The Canadian Press/Justin Tang

The Canadian economy shrank on per-person basis for a sixth consecutive quarter as higher interest rates continued to weigh on business investment.

Statistics Canada’s gross domestic product report says the economy grew at an annualized rate of one percent in the third quarter, down from 2.2 percent in the second quarter.