Canada's economy grew at a faster pace than anticipated in the final quarter of 2016, lifted by consumer spending and a drop in imports, though the strong figures were seen as unlikely to prod the central bank to soon modify interest rates.
Gross domestic product grew at an annualized 2.6 percent rate in the fourth quarter, Statistics Canada said on Thursday, beating economists' forecasts for 2.0 percent.
While that marked a slowdown from an upwardly revised 3.8 percent rate in the third quarter, the economy grew by 0.3 percent in December, boding well for the transition into 2017.
