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Saturday, November 16, 2024
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Canadian economy slowing, U.S. economy speeding along

Tucked in at the bottom of a report about Canadian currency rising on Friday…

[…] The currency’s rise Monday came despite a report showing slowing economic growth in the fourth quarter of last year.

The gross domestic product increased 0.4 per cent in the fourth quarter, down from 0.7 per cent in the third quarter, Statistics Canada said.

In contrast, the U.S. economy grew at an annualized rate of 3.8 per cent in the fourth quarter. Annualized growth in Canada was 1.7 per cent. […]

Joel Johannesen
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