Canada economy stalls in 2022 fourth quarter

By Agence France-Presse

Mar 02, 2023 12:06 am

OTTAWA: Canada's economy stalled at the end of 2022 with zero growth, the government statistical agency said Tuesday, coming in below analysts' expectations.

In the last three months of last year, business spending on machinery and equipment fell, household spending rose slightly, exports edged up while imports declined and housing prices fell coinciding with higher borrowing costs, according to Statistics Canada.

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