The Canadian economy eked out a small gain last month after a weaker-than-forecast third quarter, keeping the Bank of Canada on track to keep cutting rates.

Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, helped by household and government spending and partly offset by lower business investments and exports.

WASHINGTON (AP) — The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth.

Canada’s economy lost steam in the July-to-September quarter with a fall in business investment and exports, likely leaving room for the central bank to continue lowering interest rates to help spark growth.

Canada's economy grew as expected at an annualized rate of 1% in the third quarter, according to data released on Friday, helped by household and government spending and partly offset by lower business investments and exports.

Canada's economic growth slowed to 1.0 percent in the third quarter, impacted by lower investment, exports, and reduced business inventories accumulation. Household and government spending increased,