Skip to main content
Holiday Sale — Get 40% off Vantage for yourself or as a gift
Published loading...Updated

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

  • Statistics Canada reported the Canadian economy contracted 0.2% in February, driven by declines in goods-producing industries like mining, quarrying, oil and gas extraction and construction.
  • Services-Producing industries edged 0.1% lower in February, with contractions in transportation, warehousing and real estate offset by gains in finance and insurance.
  • StatCan estimates the annualized growth rate for the first quarter is 1.5% based on an early estimate of 0.1% growth in March amid gains in mining, retail trade and transportation.
Insights by Ground AI

16 Articles

Center

According to economists, bad weather would be the cause, rather than the commercial war.

·Montreal, Canada
Read Full Article
CTV NewsCTV News
+7 Reposted by 7 other sources
Center

Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1

The Canadian economy shrunk in February, but economists say bad weather was likely the larger culprit than uncertainty related to the trade war with the U.S.

·Canada
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 46% of the sources are Center
46% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Canadian Manufacturing broke the news in on Wednesday, April 30, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal