Canada’s economy edged up in February, led by goods-producing industries

Canada’s real gross domestic product rose 0.2 per cent in February, marking a second consecutive month of growth driven largely by goods-producing industries.

The increase was led by a 0.4 per cent gain in goods-producing sectors, with notable expansions in manufacturing as well as mining, quarrying, and oil and gas extraction.

Services-producing industries saw more modest growth, edging up 0.1 per cent during the month. Gains in transportation and warehousing, along with wholesale trade, were partially offset by declines in the public sector.

Overall, the February data points to steady, if modest, economic growth, with strength concentrated in resource and industrial activity.