Statistics Canada released today the latest GDP estimates, signaling the economy expanded at a 1.8 percent annualized pace in the fourth quarter of 2011, from the revised annual pace of 4.2 percent, matching analysts' expected estimate of 1.8 percent.

The report also showed that the Candaian economy expanded by 0.4 percent in December, compared to the prior contraction worth 0.1 percent pace, yet up from median estimates of 0.3 percent, while for the year ended December, the Canadian economy grew 1.8 percent pace from a revised growth of 2.1 percent and slightly below estimates of 1.9 percent.