Economy grew 0.4% in February, boosted by resource sector: Statistics Canada
By CP STAFFEconomy General Economy manufacturing resources Statistics Canada
Rebound in the mining and oil and gas extraction sector, gains 2.4% for the month.
OTTAWA — Statistics Canada says the economy grew 0.4 per cent in February after a slight pullback of 0.1% in January.
The agency says the growth was led by a rebound in the mining and oil and gas extraction sector, which gained 2.4% for the month.
Overall, 15 of 20 industrial sectors saw growth.
Goods-producing industries grew 1.2% as manufacturing and construction rose in addition to the rebound in mining and oil and gas extraction.
The manufacturing sector rose 1.0 per in February, while the construction sector gained 0.7%.
Meanwhile, the services-producing side edged up 0.1%, hurt by declines in wholesale trade and in the real estate and rental and leasing sector.