Canada’s GDP was down 0.2 per cent in February, in accordance with Statistics Canada information, following development of 0.4 per cent in January.
Statistics Canada says 12 of the nation’s 20 industrial sectors noticed declines in February.
Whereas goods-producing industries pulled the economic system up in January, the company says it noticed a decline of 0.6 per cent total for February. The mining, quarrying, and oil and gasoline extraction sector specifically noticed the steepest decline, of two.5 per cent.
Service-producing industries additionally dipped by 0.1 per cent total, Statistics Canada says. Building contracted for the primary time in 4 months to 0.5 per cent, whereas the actual property, leases and leasing sector dropped 0.4 per cent as effectively.
Extra to come back.
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