(MENAFN) According to a Canadian government statistics agency, the country's economy grew 0.6 percent in the fourth quarter of 2014 as households boosted expenditure, AFP reported.
Gross domestic product (GDP) beat analysts' expectations but was still down from the previous quarter's 0.8 percent growth. On an annual basis, GDP grew 2.4 percent, Statistics Canada said.
Exports were down. Imports were up. GDP for the year, meanwhile, rose to 2.5 percent, from the previous year's 2.0 percent.
Car prices dropped, but upkeep cost more with increases in the price of fuel and lubricants, spare parts and accessories for vehicles. Water, electricity, gas and insurance costs were also up.
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