Statistics Canada to release final economic figures for 2020, January GDP estimate - Medicine Hat NewsMedicine Hat News
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After worst year on record, Canadian economy enters 2021 with double digit growth - Medicine Hat NewsMedicine Hat News
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Jordan Press and Craig Wong
Shipping containers are seen at the Fairview Cove Container Terminal in Halifax on Friday, Aug. 25, 2017. THE CANADIAN PRESS/Andrew Vaughan March 02, 2021 - 2:23 PM
OTTAWA - The Canadian economy sprinted to the finish line of 2020 with nearly double-digit growth in the fourth quarter, ending its worst year on record on a strong note that has continued into the start of 2021.
The economy grew at an annualized rate of 9.6 per cent over the last three months of 2020, Statistics Canada reported Tuesday, down from an annualized growth rate of 40.6 per cent in the third quarter when the country fully emerged from the near-shutdown last spring.