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- Canada's GDP growth is flat in February
Canada's GDP growth is flat in February
Statistics Canada released GDP (gross domestic product) growth data on Thursday. Canada's GDP growth was flat in February, after a 0.2% decline in January.
January's figure was revised down from a 0.1% decrease.
The GDP growth was driven by a rise in the retail sector. Retail-sector output jumped 1.5% in February. It was the first rise in three months.
Resource-sector output declined 0.6% in February as support activities for mining and oil and gas extraction plunged 15.4%.
Manufacturing output fell 0.8% in February.
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