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May 03, 2018

Canada's gross domestic product increased 0.4% in February

Statistics Canada announced that the country's gross domestic product (GDP) increased 0.4% in February after a slight decline in January. 15 of 20 industrial sectors increased.

According to the Federal agency, the output of goods-producing industries grew 1.2% as manufacturing and construction rose in addition to the rebound in mining and oil and gas extraction.

Services-producing industries edged up 0.1% as increases in most sectors more than offset declines in wholesale trade and in the real estate and rental and leasing sector.

Transportation and warehousing rose 0.5% in February as five of nine subsectors increased. Support activities for transportation (+1.5%), truck transportation (+1.0%) and air transportation (+0.9%) led the growth.