The Canadian economy grew by 0.1 per cent in November as higher interest rates began to slow spending toward the end of the year.
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The stalled growth comes after the economy grew by 0.1 per cent in November, the federal agency said Tuesday. Statistics Canada’s report notes that the removal of COVID-19 travel restrictions have spurred growth in transportation and warehousing.This advertisement has not loaded yet, but your article continues below.The housing market was the first to feel the effects of interest rate hikes, leading to a slowdown in housing-related sectors.
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