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Canada’s economy grew by 0.2 per cent in February, according to the government’s official statistics agency.
Statistics Canada said GDP gains were logged in services, transportation and warehousing.
The economy grew by 0.5 per cent in January.
Mining, oil and gas expanded by 0.1 per cent in February, while the public sector and finance and insurance also saw small increases.
The utilities sector, meanwhile, contracted 2.6 per cent, offsetting a 3.2 per cent increase in January caused by a cold snap.
Photo credit: StatCan
Manufacturing also declined by 0.4 per cent.
“Advance information indicates that real GDP was essentially unchanged in March,” StatCan explained in its latest publication, which was released this morning.
“Increases in utilities and real estate and rental and leasing were offset by decreases in manufacturing and retail trade.”
The agency added: “With this advance estimate for March, information on real GDP by industry suggests that the economy expanded 0.6 per cent in the first quarter of 2024."
It said the official estimate for the first quarter will be available on May 31, when the official estimate of real GDP by income and expenditure is released.
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