Canadian economy stalls in fourth quarter, shrinks in December

The 0.0 per cent growth reading in fourth-quarter gross domestic product capped five consecutive quarterly increases and missed analysts’ average forecast of a 1.5 per cent rise. It was also well below the Bank of Canada’s forecast for 1.3 per cent annualized GDP growth in the quarter.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

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Canadian economy remained flat in fourth-quarter, contracted in DecemberStatistics Canada says real GDP was unchanged in the last three months of 2022, despite higher household and government spending as well as a stronger trade position for Canada Unfortunately, wasn't this the intention with the very rapid interest rate increases?
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