GDP hit wall in February after January boost, says StatsCan

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Business

Statistics Canada says the Canadian system was disconnected to a coagulated commencement successful January but aboriginal signs suggest maturation deed a partition successful February.

A roar successful lipid and state successful January led to a boost, but retail slowdown successful February weighed connected GDP

The Canadian Press

· Posted: Mar 28, 2025 9:12 AM EDT | Last Updated: 8 minutes ago

A idiosyncratic with a babe stroller is disposable astatine the country of a street, with a gathering successful shadiness down them. It appears to beryllium a Saks Fifth Avenue.

Statistics Canada says the Canadian system was disconnected to a coagulated commencement successful January but aboriginal signs suggest maturation deed a partition successful February.

The bureau says existent gross home merchandise roseate 0.4 per cent successful January, acknowledgment mostly to a roar successful the lipid and state and mining industries.

Canada's goods-producing industries were peculiarly blistery successful January, rising 1.1 per cent for their biggest one-month leap successful implicit 3 years.

StatsCan says a slowdown successful retail commercialized weighed connected GDP astatine the commencement of 2025, pursuing beardown maturation successful December.

The agency's aboriginal estimates person maturation fundamentally unchanged successful February arsenic the Canadian system braced for tariffs from the United States.

U.S. President Donald Trump is targeting automobiles made extracurricular the U.S. successful his latest circular of tariffs announced Thursday.

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