StatCan to release GDP figures for February and early estimate for Q1 today
Manufacturing and wholesale trade drove the gain, while public sector activity fell 0.3% and March data point to 1.7% annualized first-quarter growth.
- On Thursday, Statistics Canada reported real GDP rose 0.2 percent in February, marking the fourth consecutive month of economic growth following a contraction in late 2025.
- Manufacturing drove the February increase with a 1.8 percent gain, aided by Ontario auto assembly plants ramping up, though annual activity remained 3.1 percent lower due to United States trade threats.
- Preliminary estimates suggest March GDP remained essentially flat, setting first-quarter annualized growth at 1.7 percent, while spectator sports activity declined during the NHL pause for the Olympics Games in Italy.
- The 1.7 percent estimate exceeds the 1.5 percent annualized growth projected in The Bank of Canada's monetary policy report released Wednesday, signaling potential divergence in growth expectations.
- Updated figures for March and the first quarter will be published at the end of May as the economy contends with uncertainty from the Middle East conflict and trade pressures.
21 Articles
21 Articles
Real GDP rose 0.2 per cent in February says StatsCan, marking four straight months of growth
GDP growth was led by a 1.8 per cent gain in the manufacturing sector, though manufacturing activity was still down compared to a year ago following nearly a year of tariff threats from the U.S.
Statistics Canada says real GDP rose 0.2 per cent in February
OTTAWA - Statistics Canada says the economy was growing for a fourth straight month in February, though there were signs momentum was fading toward the end of the first quarter.
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