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Canada’s GDP Unchanged in February

Posted April 28, 2017

Under Economic Issues, International Trade Issues


(CBC News)

Canada’s economy didn’t expand in February, as a slight uptick in the service sector was offset by a small decline in the goods-producing sector.

Statistics Canada reported Friday that the construction, real estate, finance and insurance sectors continued to expand, but manufacturing, mining, quarrying, and oil and gas extraction all declined.

The total output of the economy in February was about the same as the month before — on track for a little over $1.7 trillion, on an annualized basis. While flat on a monthly basis, Canada’s economy was 2.5 per cent bigger in February than the same time last year. Click here to read more.

Related: Gross Domestic Product by Industry – February 2017 (Statistics Canada)