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

The Canadian economy slowed to an annualized growth rate of 1.3 per cent in the third quarter of 2019, down from 3.5 per cent in the previous quarter.
The Canadian economy slowed to an annualized growth rate of 1.3 per cent in the third quarter of 2019, down from 3.5 per cent in the previous quarter. Troy Fleece/CP

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.

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