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

L'économie a rétréci de 0,2 % en février, StatCan prévoit une croissance annualisée de 1,5 % pour le T1

Daily Commercial News May 02, 2025 1 min read
Construct Connect Canada
Economy shrunk 0.2% in February, StatCan estimates 1.5% annualized growth for Q1
AI Article Summary

In February, the Canadian economy experienced a contraction of 0.2%, largely driven by a 0.6% decline in the goods-producing sector, including mining, quarrying, oil and gas extraction, and construction. However, early indicators suggest moderate economic growth in March. Statistics Canada forecasts a 1.5% annualized GDP growth for the first quarter of the year.