The Canadian economy grew by 0.1% in October and is expected to expand at the same pace in November, data showed on Friday, a sign that the full impact of seven consecutive interest rates hikes this year has yet to play out.
October growth slowed compared with September’s 0.2% gain, which was an upward revision from a previously reported 0.1% increase, Statistics Canada said. October’s increase was in line with a median of analysts’ forecasts.
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