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Canada's GDP rises in January against forecast but posts only modest ...
- On Tuesday, Statistics Canada reported real GDP grew 0.1 per cent in January, pointing to a fragile start to the year.
- Growth was driven by the mining, quarrying, and oil and gas sector, which expanded 1.2 per cent, while goods-producing industries grew by 0.2 per cent.
- Manufacturing contracted 1.4 per cent, erasing previous growth, while services-producing industries remained largely unchanged during the month.
- Statscan's preliminary estimate for February suggests the economy grew 0.2 per cent, though the agency cautioned that the figure is subject to revision.
- Economists warn growth could take a bigger hit in the coming months as high crude oil prices from the Iran war curtail spending and spike inflation.
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22 Articles
22 Articles
The Toronto Star+12 Reposted by 12 other sources
Statistics Canada says real GDP grew 0.1 per cent in January
OTTAWA - New data released by Statistics Canada on Tuesday suggests the economy was rebounding in the first few months of the year after a mild contraction to close 2025.
·Toronto, Canada
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Real gross domestic product (GDP) increased slightly by 0.1 per cent in January, according to Statistics Canada.
·Montreal, Canada
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Coverage Details
Total News Sources22
Leaning Left6Leaning Right0Center6Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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