Canadian economy shrinks for sixth quarter
This is a news story, published by torontosun, that relates primarily to Statistics Canada's news.
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household savings ratetorontosun
•Real GDP per capita declines for sixth consecutive quarter
79% Informative
Statistics Canada's gross domestic product report says the economy grew at an annualized rate of one per cent in the third quarter .
The figure is in line with economists’ expectations, but lower than the Bank of Canada’s October forecast of 1.5 per cent .
Higher household and government spending was partly offset by slower inventory accumulation, lower business capital investment and lower exports.
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