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Canada's economy posts 9.6% annualized growth in Q4

Published 2021-03-02, 08:35 a/m

OTTAWA, March 2 (Reuters) - Canada's economy grew at annualized rate of 9.6% in the fourth quarter, following record fluctuations in the previous two quarters, Statistics Canada said on Tuesday, while December's real GDP edged up 0.1%.

Canada's economy is expected to grow by 0.5% in January, Statistics Canada said in a preliminary estimate. Analysts had expected fourth quarter annualized growth of 7.5%, with December GDP at 0.3%.

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