Canada ends 2019 with weakest quarterly growth in nearly 4 years

Canada‘s economic growth slowed to an annualized rate of 0.3 per cent in the fourth quarter, the worst performance in almost four years, thanks in part to strikes, bad weather and shutdowns, Statistics Canada said on Friday.

The number matched both the forecast of analysts in a Reuters poll as well as the Bank of Canada‘s prediction. Statscan revised third quarter annualized growth down to 1.1 per cent from an initial 1.3 per cent.

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