Statistics Canada Says Real GDP Grew 0.2 Percent in February

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Statistics Canada says real gross domestic product rose 0.2 percent in February.

The growth followed a 0.5 percent gain in January.

Looking ahead, Statistics Canada says its advance estimate for March indicated that real GDP was essentially unchanged for the month.

The economic expansion in February came as services-producing industries increased 0.2 percent helped by gains in transportation and warehousing.

Statistics Canada says goods-producing industries were essentially unchanged as the mining, quarrying, and oil and gas extraction sector grew and the utilities and manufacturing sectors contracted.

Overall, 12 of 20 sectors increased in February.

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