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Canadian economy grew 0.2% in February
An aerial photo of trains and shipping containers at the CPKC Railway Yard in Vaughan, Ont. Canada's transportation and warehousing sector grew 1.4 per cent in February, a pace that StatsCan said was the largest monthly growth rate since January 2023. (Patrick Morrell/CBC)
Photo: CBC / Patrick Morrell
January growth helped by rebound after public sector strike ended in Quebec
The Canadian economy grew a modest 0.2 per cent in February, with advance estimates for March indicating little change in GDP, Statistics Canada said on Tuesday.
The transportation and warehousing sector grew 1.4 per cent, a pace that the data agency said was the largest monthly growth rate since January 2023.
Rail transportation contributed significantly to that sector's growth, with a 5.5 per cent gain, as it rebounded from a January cold snap.
Canada's GDP grew 0.5 per cent in January, helped by a rebound in educational services after public sector strikes ended in Quebec.
More to come.
CBC News
