Canada reports modest economic growth in January
North America / Canada3 views1 min
Canada's economy experienced a modest gain in January, with a 0.1% monthly increase in gross domestic product. The growth was driven by strength in goods-producing industries, which offset lingering manufacturing weakness.
Canada's economy grew by 0.1% in January. Goods-producing industries increased by 0.2%, driven by mining, quarrying, and oil and gas extraction. Manufacturing dropped by 1.4%. The construction sector expanded for the third time in a row. Services industries, such as real estate and finance, stalled in January. Nine of the 20 industrial sectors recorded growth.
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