Canada’s GDP contracts -0.2% mom in Feb, weakness broad-based across sectors

Canada’s economy unexpectedly shrank by -0.2% mom in February, missing expectations of flat growth, as a broad-based downturn weighed on output. Goods-producing sectors led the decline with a -0.6% mom drop, particularly from mining, quarrying, and oil and gas extraction, as well as construction. Sservices sector also edged lower by -0.1% mom, dragged down by […]

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