Canadian economy not in recession, but 2023 was one of its weakest recent years

The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession.

Canadian economy not in recession, but 2023 was one of its weakest recent years
Shoppers are seen in the aisle of a grocery store.

The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession.