Canadian economy slows to 1.3% in 3rd quarter: Statistics Canada

Statistics Canada says the Canadian economy grew at an annualized pace of 1.3 per cent in the third quarter.

That compared with a revised annualized pace of 3.5 per cent in the second quarter. Economists had expected an annualized rate of 1.2 per cent for the most recent quarter according to financial markets data firm Refinitiv.