CPNewsAlert: Canadian economy shrank by 1.1% in Q3 on annualized basis, StatCan says

By The Canadian Press on November 30, 2023.

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Statistics Canada is set to release its gross domestic product reading for the third quarter this morning. The Bay Street Financial District is shown with the Canadian flag in Toronto on Friday, August 5, 2022. CANADIAN PRESS/Nathan Denette

OTTAWA – The Canadian economy shrank in the third quarter by 1.1 per cent on an annualized basis. Growth for the second quarter was revised up to 1.4 per cent.

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