Strong February boosts Canada's GDP
Posted: 5/8/2013 |
Canada's gross domestic product expanded by 0.3 per cent in February, the same pace as the previous month, as the mining, oil and gas industries drove growth. Statistics Canada said Tuesday that goods-producing industries expanded by 0.9 per cent in the month owing mainly to increases in mining, quarrying, and oil and gas extraction. Take out that sector’s growth, and top line GDP grew by about 0.17 per cent, Scotiabank economist Derek Holt noted.