Global Courant 2023-04-28 17:50:59
Company·New
Canada’s gross domestic product grew 0.1 percent in February as construction and finance grew, while retail sales and manufacturing slowed.
Deceleration of 0.6% in January
CBC news · Posted: Apr 28, 2023 08:50 EDT | Last updated: 8 minutes ago
Canada’s economy barely grew in February and early data suggests it contracted in March, marking the lowest quarterly growth in output since 2020. (Raphael Tremblay/Radio-Canada)
Canada’s gross domestic product grew 0.1 percent in February as construction and finance grew, while retail sales and manufacturing slowed.
Statistics Canada reported on Friday that growth in February was a slowdown from January’s 0.6 percent 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 grew by just 0.6 percent.
More to come.
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