The Canadian economy mostly started 2022 on strong footing, despite the impact of the Omicron coronavirus variant and protests that shut down key border crossings, as fourth quarter growth came in above expectations, official data showed on Tuesday.
Canada’s economy grew 6.7 per cent in the fourth quarter on an annualized basis, beating analyst expectations of 6.5 per cent, while January GDP most likely rose 0.2 per cent after stagnating in December, Statistics Canada data showed.
With January’s gain, which is a preliminary estimate, economic activity is now 0.6 per cent above pre-pandemic levels, the agency said.
“While the clouds darkened a bit
