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Canada’s gross domestic product edged up by 0.2 per cent in February and preliminary figures suggest the economy grew in the first quarter, reversing a contraction that ended 2025.
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The new data, released by Statistics Canada on Thursday, showed February’s growth was primarily driven by goods-producing industries, which expanded by 0.4 per cent.
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Preliminary estimates for the first quarter of 2026 suggest the economy grew by 0.4 per cent.
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Initial estimates for March also suggests that GDP was “essentially unchanged” for the month, with increases in the wholesale trade as well as transportation and warehousing sectors offset by decreases in retail and resource extraction.
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However, the agency said those figures could change, and an official estimate for the first quarter is expected in late May.
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More to come …
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