Canada's economy disappoints in third quarter, outlook dim

Author: неталекс [318 views] 2012-11-30 14:08:09

OTTAWA (Reuters) - Canada's economy lost some fizz in the third quarter as exports suffered their biggest drop in three years and businesses scaled back investments, though the slowdown is unlikely to knock the Bank of Canada off its rate-hike stance.

The economy grew at a weaker-than-expected 0.6 percent annual rate in the July-September period, after two straight quarters of 1.7 percent expansion, according to Statistics Canada data on Friday.

Growth stalled in September for the second straight month, suggesting a weak start to the fourth quarter and possibly more sub-par growth.

http://ca.news.yahoo.com/canadas-economic-growth-weakens-sharply-third-quarter-135205670--sector.html

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