Statistics Canada Says Real GDP Grew 0.2 Percent in February

Statistics Canada says real gross domestic product rose 0.2 percent in February. The growth followed a 0.5 percent gain in January. Looking ahead, Statistics Canada says its advance estimate for March indicated that real GDP was essentially unchanged for the month. Based on the preliminary figure, the Canadian economy grew at an annualized rate of 2.5 percent in the first quarter of 2024. Overall, Statistics Canada said 12 of 20 sectors showed growth in February. The economic expansion in the month came as services-producing industries increased 0.2 percent. It was helped by the transportation and warehousing sector which increased 1.4 percent, as rail transportation grew 5.5 percent with activity returning to normal after freezing temperatures in January in Western Canada....