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Canada’s economy weakened in February, with real gross domestic product contracting by 0.2 per cent, after growing by 0.4 per cent in January, Statistics Canada reported Wednesday.
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Declines were driven by goods-producing sectors, such as mining, quarrying and oil and gas extraction, while services also slipped by 0.1 per cent.
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Twelve of the 20 industrial sectors that Statistics Canada follows reported declines in February.
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The agency’s advanced estimate for March suggests 0.1 per cent growth. If this estimate holds, Canada’s economy grew by 0.4 per cent in the first quarter of 2025. The official numbers will be available by May 30.
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