"Statistics Canada reported a 0.2 percent increase in real gross domestic product for February, with the manufacturing sector leading the growth at 1.8 percent, its fastest pace in over three years."
"Despite the growth in February, annual manufacturing activity was 3.1 percent lower, impacted by ongoing tariffs and trade threats from the United States."
"The February economic gains were supported by the wholesale trade and transportation sectors, but were offset by contractions in the public sector and a slowdown in the arts, entertainment, and recreation industry."
In February, the economy experienced a 0.2 percent growth, primarily due to a 1.8 percent increase in the manufacturing sector, marking its fastest growth in over three years. The machinery subsector and transportation equipment manufacturing were key contributors. However, annual manufacturing activity was down 3.1 percent due to tariffs and trade tensions. While wholesale trade and transportation sectors supported growth, declines in the public sector and arts industries hindered it. Initial estimates for March indicated stagnant GDP, suggesting a first-quarter annualized growth rate of 1.7 percent.
Read at www.cbc.ca
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