Canada’s gross domestic product expanded by 0.1 per cent in February, as construction and finance grew while retail trade and manufacturing slowed down.
Slowdown from 0.6% in January
CBC News ·
Canada’s economy barely expanded in February and early data suggests it contracted in March, which would add up to the slowest quarterly growth in output since 2020. (Raphaël Tremblay/Radio-Canada)
Canada’s gross domestic product expanded by 0.1 per cent in February, as construction and finance grew while retail trade and manufacturing slowed down.
Statistics Canada reported Friday that February’s expansion was a slowdown from January’s 0.6 per cent increase.
Advanced data for March suggests that for the first quarter as a whole, the total value of all goods and services sold in Canada only grew by 0.6 per cent.
That would be the slowest quarterly expansion since the early days of the pandemic in 2020.
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