OTTAWA, Feb. 29 (Xinhua) -- Canada's real gross domestic product (GDP) by industry increased 1.2 percent in 2023, the slowest growth rate since 2016 aside from the contraction recorded in 2020, Statistics Canada said Thursday.
Despite strong growth in the first quarter of 2023, several factors including higher interest rates, inflation, forest fires and drought conditions as well as strikes weighed on overall economic growth in the year, the national statistical agency said.
