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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.
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According to economists, bad weather would be the cause, rather than the commercial war.
·Montreal, Canada
Read Full ArticleCanada’s Economy Shrank 0.2% in February: StatCan
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. Statistics Canada said Wednesday that real gross domestic product decreased 0.2 percent in February after the economy grew 0.4 percent in the first month of 2025. It also said that early signs suggest there was moderate growth in March. The contraction was driven by a 0.6 percent decline fo…
·New York, United States
Read Full ArticleCoverage Details
Total News Sources16
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
Factuality
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