OTTAWA – The Canadian economy shrank on a per-person basis for a sixth consecutive quarter as higher interest rates continued to weigh on business investment.

Statistics Canada’s gross domestic product report said the economy grew at an annualized rate of one per cent in the third quarter, down from 2.2 per cent in the second quarter.

Economists reacting to the latest GDP figures continue to be divided on whether the Bank of Canada will cut its key interest rate by a quarter or half a percentage point at its meeting next month.