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Statscan set to release February GDP figures, early first-quarter estimate

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Statscan set to release February GDP figures, early first-quarter estimate

Fourth straight month of economic growth led by gains in the manufacturing sector, but early estimate suggests GPD was flat in March

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The Globe and Mail
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Open this photo in gallery:Employees work on a production line at the Ideal Can manufacturing plant in Saint-Apollinaire, Que.Renaud Philippe/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountStatistics Canada says the economy was growing for a fourth straight month in February, though there were signs momentum was fading toward the end of the first quarter.The agency said Thursday that a 0.2-per-cent increase in real gross domestic product for February was led by a 1.8-per-cent gain in the manufacturing sector, which marked its fastest pace of growth in more than three years.The machinery subsector led growth in the month, followed by gains from transportation equipment manufacturing.

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