The Canadian economy grew at an annualized rate of one per cent in the third quarter, boosted by higher household and government spending, Statistics Canada said on Friday.
The rate was in line with economists’ expectations but below the Bank of Canada’s quarterly projection of 1.5 per cent.
The growth was offset by lower business investment and exports.
Statistics Canada also revised its second-quarter annualized growth to 2.2 per cent from 2.1 per cent.
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