The federal agency also said gross domestic product fell 1% in December from the previous month.
The contraction between October and December was the first quarterly decline since Canada's last recession in 1991-92.
Meanwhile, the agency revised its third-quarter GDP growth to 0.9% from 1.3%. For all of 2008, the economy grew 0.5% from 2.7% the previous year.
Read more via: National Post.com