May 01, 2026
Canada's gross domestic product was up 0.2% in February
Statistics Canada announced that Canada's real gross domestic product (GDP) was up 0.2% in February, with goods-producing industries driving the growth for the second consecutive month.
Goods-producing industries grew 0.4% in February, driven by expansions in manufacturing and mining, quarrying, and oil and gas extraction.
Meanwhile, services-producing industries edged up 0.1%, as rebounds in transportation and warehousing and wholesale trade were largely offset by contractions in the public sector.
Advance information indicates that real GDP was essentially unchanged in March. Increases in wholesale trade and transportation and warehousing were offset by decreases in retail trade and mining, quarrying, and oil and gas extraction.