The Canadian economy stalled in the fourth quarter, eking out a 0.03% gain in what was a significant downside surprise from expectations of a 1.6% increase.
— Read on realeconomy.rsmus.com/canadas-economy-stalled-even-as-consumer-spending-held-up/
If this report is a good indicator of the economy, it looks good overall for Canada.
Canadians were left reeling in the fourth quarter when their economy slowed down significantly. Despite consumer spending remaining strong, this news sent the market into a tailspin. While it’s still early days, this report could mean that the economy is struggling more than initially thought.